Karwa Chauth Today | Gold Rate Today | Silver Rate Today: Despite the Karwa Chauth celebration, which is considered an auspicious day to buy gold and silver, precious metal prices have fallen by a sizeable margin from the previous day's closing. The MCX gold rate today is around ₹1,43,350 per 10 gm, down around ₹350 per 10 gm from the previous day's close of ₹1,43,705. Likewise, the MCX silver rate today is oscillating around ₹1,92,000 per kg, down by nearly ₹2,400 against the previous close of ₹1,94,325 per 10 gm.
According to market experts, gold and silver prices are under pressure due to the US Fed's decision to keep interest rates steady while maintaining a hawkish outlook. This has triggered US Fed rate-hike buzz ahead of the December 2026 meeting, spurring an uptick in US bond yields and the US dollar. They said that gold and silver rates are dictated by global triggers these days, and renewed inflation fears and a stable Indian rupee may also act as a taper for any bounce back in precious metals. However, they maintained that auspicious buying in gold and silver may deliver strong returns by the end of December 2026, predicting MCX gold rates to touch up to ₹1,60,000 per 10 gm and MCX silver rates to touch up to ₹2,40,000 per kg.
Highlighting the reasons that are dragging gold and silver prices today, Anuj Gupta, a SEBI-registered market expert, said, “The reason for fall in gold and silver prices today can be attributed to these three developments: renewed fear of inflation, US Fed rate hike buzz in December 2026 meeting, and stable Indian rupee.”
The SEBI-registered expert said that, due to inflation concerns, the US Fed kept rates steady while maintaining a hawkish outlook. This triggered a bounce-back in US bond yields and the US dollar index. Now, the US 10-year bond yield is once again above 5%, while the US dollar index has regained the psychological 100 mark and is sustaining around 102 levels.
Gupta maintained that a stable Indian Rupee is also preventing gold prices from appreciating in the domestic market. He said that gold prices have been sustaining around the 95 level for a long time, signalling a stable outlook in the near term. This is also expected to keep a check on any sharp appreciation in the precious metals.