GOLD PRICE SHOCK: Is Your Wealth Safe as Prices Plummet on MCX? Fed Rate Cut Hopes Fade!
Commodities
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Updated on 14th November 2025, 9:28 AM
Author
Aditi Singh | Whalesbook News Team
Crux:
Gold prices experienced a decline in the Indian derivatives market on Friday, reflecting a weaker global trend. This movement was attributed to diminishing expectations of an imminent US Federal Reserve interest rate cut. Both December and February 2026 gold futures on the Multi Commodity Exchange (MCX) settled lower, with prices hovering around $4,195 per ounce globally. Analysts noted the influence of a softer dollar and uncertainty following the US government's reopening.
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Detailed Coverage:
Gold prices saw a dip in India's domestic derivatives market on Friday, with traders reacting to signs that the US Federal Reserve might not cut interest rates as soon as anticipated. This led to gold futures contracts on the Multi Commodity Exchange (MCX) trading lower throughout the session.
The December gold futures contract fell by Rs 345, or 0.27%, closing at Rs 1,26,406 per 10 grams. Similarly, the February 2026 contract decreased by Rs 434, or 0.34%, settling at Rs 1,27,973 per 10 grams.
Globally, Comex gold for December delivery was trading around $4,195 per ounce. Jigar Trivedi, Senior Research Analyst at Reliance Securities, commented that gold prices rose above $4,190 per ounce on Friday, heading for their best week in a month, primarily driven by a softer dollar and uncertainty over official data releases following the US government's reopening.
Impact: This news directly affects investors holding gold futures or physical gold, as price declines can lead to losses. It also influences sentiment in the broader commodity and financial markets, as gold is often seen as a safe-haven asset. A weaker dollar and uncertainty about US monetary policy are key drivers for gold, impacting global trade and investment flows.
Terms Explained: * **Derivatives Market**: A financial market where contracts (like futures) derived from underlying assets (like gold) are traded. * **MCX (Multi Commodity Exchange of India)**: India's leading commodity derivatives exchange. * **Futures Contract**: An agreement to buy or sell a specific asset at a predetermined price on a future date. * **Comex**: Commodity Exchange Inc., a division of the New York Mercantile Exchange (NYMEX), known for trading futures contracts for metals. * **Ounce**: A unit of weight, commonly used for precious metals. One troy ounce is approximately 31.1 grams. * **Softer Dollar**: A term used when the value of the US dollar depreciates relative to other currencies. * **US Federal Reserve**: The central banking system of the United States. * **Rate Cut**: A reduction in the interest rate by a central bank, typically done to stimulate economic growth.
Impact: 7/10
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