Negative impactCommodity
Gold, silver prices fall on MCX: Why precious metals are under pressure today
CNBC-TV18 1 hr ago·29 Oct 2026, 10:37 am
Gold and silver prices on the Multi Commodity Exchange (MCX) have dropped today. This decline follows the US Federal Reserve's latest interest rate decision, which has kept borrowing costs high. Investors are also waiting for the release of US Personal Consumption Expenditures (PCE) inflation data, a key indicator for the Federal Reserve's future policy moves.
The drop in precious metal prices is significant for investors holding these assets. Higher interest rates generally reduce the appeal of non-yielding assets like gold, as they offer no dividend income. Furthermore, a strong inflation reading could prompt the central bank to maintain a hawkish stance, putting additional pressure on gold prices.
Investors should keep a close watch on the upcoming US inflation data. If the PCE figures come in higher than expected, it may signal that interest rates will remain elevated for longer. This could lead to further volatility in precious metal prices in the coming sessions.
Excerpt from CNBC-TV18
Published On Oct 29, 2026 | 16:07 IST Last Updated On Oct 29, 2026 | 16:07 IST Gold and silver prices declined on Thursday as investors assessed the US Federal Reserve interest rate decision and awaited US PCE inflation data. Gold and silver prices continued to face selling pressure on Thursday, October 29, as…Read the original at CNBC-TV18
Affected stocks
Bearish1 stock
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns Multi Commodity Exchange of India (MCX).
- Category: Commodity.
- AI reads the tone as negative (potentially bearish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update for Multi Commodity Exchange of India worth tracking. The tone is negative — watch for downside reaction. Use the price and stock snapshot to gauge how the market is responding.
