Gold and Silver Prices Fall Amid Stronger Dollar and Fed Rate Expectations

Gold prices fell in domestic and global markets on Thursday, with a stronger US dollar and rising expectations of a Federal Reserve rate increase in December adding pressure. At 10:15 am, Delhi’s 24-carat gold was quoted at <b>₹1,39,950 per 10 grams</b>, down ₹2,180. The 22-carat rate fell ₹1,950 to ₹1,28,350, while 18-carat gold dropped ₹1,640 to ₹1,05,000. Silver was trading at ₹2 lakh per kilogram. On the Multi Commodity Exchange, the December 4 gold contract was down 0.74%, or ₹1,031, at ₹1,38,685 per 10 grams at 10:20 am. City rates varied, with prices in Mumbai, Chennai and Kolkata below Delhi’s quoted levels.