Economy
MCX gold slips as US Treasury yields rise and Fed rate hike bets increase
Livemint1h
THE BRIEF
1
MCX gold prices for October delivery dropped ₹3,500 per 10 grams over the week, closing at ₹1,50,891 following hawkish signals from US Federal Reserve officials.
2
The drop erased September's previous gains, driven by surging US Treasury yields and lingering concerns over persistent inflation and higher government borrowing.
3
Brokerage firm ICICI Global Markets expects domestic gold prices to trade within a range of ₹1,40,000 to ₹1,60,000 per 10 grams for the remainder of 2026.