Page 66 - Us Fed News Today

The US has been reeling under decades-high inflation caused by a combination of factors. The inflation number for September came in at 8.2 per cent, over four times the target set by the Fed.

Gold, silver prices on October 27: The price of 10 grams of 24-carat gold is Rs 51,430 on Friday, 27 October. The price of 10 grams of 22-carat gold is Rs 47,750 on an average. One kilogram of silver can be purchased for Rs 58,130.

Besides the Mahurat session on October 24, the coming week also will be crucial for local equity markets on account of F&O expiry scheduled on October 27, 2020. Besides, the Foreign Exchange Reserves data will also be out on October 28.

A combination of strong SIP inflows, NPS and EPFO flows have mitigated shocks for domestic markets relative to peers, analysts said.

Gold, silver prices on October 22: On Saturday, one gram of 22-carat gold is available at Rs 4,635. Meanwhile, an equal quantity of 24-carat gold is available at Rs 5,060. Silver prices remained unchanged at Rs 56,150 per kg.

Despite pressure from rate hikes in the US, Swiss gold exports to India, China and Turkey have increased throughout September.

Analysts largely believe FPI flows could remain volatile during the first half of 2023, given higher interest rates and geo-political situation. 

Gold, silver prices on October 21: On Friday, one gram of 22-carat gold is available at Rs 4,625. Meanwhile, an equal quantity of 24-carat gold is available at Rs 5,045. Silver prices touched Rs 56,150 per kg.

Gold prices on October 20: On Thursday, the rate for 24-carat gold in Mumbai and Kolkata is Rs 50,780, while the price for 24-carat gold is Rs 46,550. In Delhi, the prices for 24-carat and 22-carat are Rs 50,950 and Rs 46,700, respectively.

There is no room for complacency as long as the US Fed continues to aggressively tame inflation.