Gold and silver prices in India dropped after the U.S. Federal Reserve announced a 25 bps rate cut but warned of caution on future moves. MCX gold opened at ₹1,19,125 per 10g, silver at ₹1,45,498 per kg.
Precious-Metal Prices Slide After U.S. Rate Cut Decision
Gold and silver coins with U.S. Federal Reserve symbol in background symbolizing rate cut impact
News Desk Report | Veritas Times
Mumbai, 30 October 2025 – Prices of gold and silver in India opened sharply lower today, as investors reacted to the Federal Reserve’s announcement of a rate cut and its accompanying cautious outlook.
On the Multi Commodity Exchange of India (MCX), gold futures opened at approximately ₹1,19,125 per 10 grams, down about 1.27 % compared with the previous close of ₹1,20,666. Silver also slid, opening at about ₹1,45,498 per kilogram, down 0.4 % from ₹1,46,081.
The Fed cut its key benchmark rate by 25 basis points to a range of 3.75 % – 4.00 % after its two-day policy meeting. However, the central bank flagged that future cuts are far from certain, signalling a more cautious approach.
Analysts say that this cautious tone weighed on the safe-haven appeal of gold and silver. “The Fed Chair’s cautious remarks on further easing triggered profit-taking,” one market commentator noted. At the same time, improving sentiment around a possible trade deal between the U.S. and China reduced demand for safe-haven assets.
Looking ahead, experts caution that bullion markets may remain volatile. Support levels for gold on MCX are seen around ₹1,19,480 – ₹1,20,070, while resistance lies between ₹1,21,450 – ₹1,22,100. For silver, support is placed at ₹1,43,750 – ₹1,44,950, with resistance around ₹1,47,240 – ₹1,48,180.
In summary, the Fed’s decision to cut rates did not immediately boost precious‐metal prices in India. Rather, it was the messaging around the future path of policy that dampened sentiment, reminding investors that rate cuts alone do not always translate into higher bullion prices.
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