Gold & Silver Rates Today (17/9/2026) LIVE: MCX Gold Struggles To Hold Rs 1.51 Lakh, Silver Drops Rs 2,300

Gold rates and silver rates in India fall sharply on September 17, 2026, after US Federal Reserve hiked key fed rates by 25 basis points for the first time in 3 years. MCX gold price dropped over Rs 1,300 to trade below Rs 1,51,200 per 10 grams but it has slipped below Rs 1,50,500 per 10 grams in the opening bell. Meanwhile, MCX silver price crashed by Rs 2,000 to struggle around Rs 2.32 lakh mark but has hit an intraday low of Rs 2,30,221 per 1Kg.

In the early hours of Thursday, spot gold and spot silver price surged by 1% each to trade near $4,300 and $64 per ounce. Meanwhile, crude oil prices remained elevated.

US WTI crude and Brent crude slipped marginally but traded strongly around $102 and $106 per barrel.

The FOMC members hiked fed rates by 25 bps points to 3.75% to 4% with favour of 12-0 in votes. This is the first rate hike in 3 years. Fed has also signaled that one more rate hike could be on the table before 2026-end as they grapple with elevated inflation which has worsened by a recent surge in crude oil prices.

The Kevin Warsh-led FOMC has hiked Fed rates for the first time in 3 years. The reason is the inflation. Warsh said, "The plain fact is that inflation is too high and has been for too long." Warsh reiterated that FOMC's predominant focus is on the price stability side of their mandate. However, White House criticized the decision.

Meanwhile, gold received some support as oil prices retreated amid easing concerns over supply disruptions in the Middle East. Saudi Arabia is aiming to restore around half of its East-West pipeline capacity within days and return it to full operation within six weeks. US Energy Secretary Chris Wright also said that 18 million barrels of crude and petroleum products passed through the Strait of Hormuz earlier this week, as per Trading Economics.

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Sep 17, 2026, 12:19 pm IST

Live Silver Rates Today: Silver Prices In India Unchanged Again

Grams	Today	Yesterday	Change
1 g	₹245	₹245	₹0
8 g	₹1,960	₹1,960	₹0
10 g	₹2,450	₹2,450	₹0
100 g	₹24,500	₹24,500	₹0
1,000 g (1 kg)	₹2,45,000	₹2,45,000	₹0

Silver prices remained unchanged compared with yesterday. Silver is currently priced at ₹245 per gram, or ₹2,450 for 10 grams. For 100 grams, the price is ₹24,500, while 1 kg costs ₹2,45,000. There has been no change in silver prices across all quantities.

Sep 17, 2026, 12:19 pm IST

Live Gold Rates Today: 24k, 22k, 18k gold prices fall in India

Grams	24K Gold	Change	22K Gold	Change	18K Gold	Change
1 g	₹15,284	-₹60	₹14,010	-₹55	₹11,463	-₹45
8 g	₹1,22,272	-₹480	₹1,12,080	-₹440	₹91,704	-₹360
10 g	₹1,52,840	-₹600	₹1,40,100	-₹550	₹1,14,630	-₹450
100 g	₹15,28,400	-₹6,000	₹14,01,000	-₹5,500	₹11,46,300	-₹4,500

Gold prices have declined across all purity levels. 24K gold is priced at ₹15,284 per gram, down by ₹60, while 22K gold is ₹14,010 per gram, down by ₹55. 18K gold stands at ₹11,463 per gram, down by ₹45. For 10 grams, the prices are ₹1,52,840 for 24K, ₹1,40,100 for 22K, and ₹1,14,630 for 18K gold. Overall, gold prices have fallen by around 0.4% across the three purity levels.

Sep 17, 2026, 11:41 am IST

Live Forex Market: USDINR Technical Outlook

USD/INR is trading near 96.10, and has broken above the 96.00 level for the first time since July 2026. A sustained move above 96.10 could open the way toward the next resistance at 96.40–96.50, while a decisive break below 96.00 could pull the pair toward support at 95.80–95.70. The RSI at 66 is rising sharply, confirming strong bullish momentum and continued rupee weakness following the Fed’s hawkish rate hike and the dollar’s climb to its strongest level in several weeks. The rupee remains under pressure from the stronger dollar, the U.S. 10-year Treasury yield moving above 5%, and elevated crude oil import costs. The near-term bias remains tilted toward further rupee weakness as long as USD/INR holds above 96.00. Sustaining above this level could extend the move toward 96.50, while a break below 96.00 would ease the immediate pressure on the rupee: Ponmudi R, CEO of Enrich Money.

Sep 17, 2026, 11:40 am IST

Live Oil Prices Today: Will US WTI Hit $110 By Friday?

WTI Crude is trading near $102, flat on the day, consolidating just above the $101.00-100.00 support zone after touching $105.83 earlier this week. Immediate resistance is at $104.00-105.00, and a break above targets next resistance at $107.00-108.00. Immediate support is at $101.00-100.00, with next support at $98.00-97.00. RSI at 66, still elevated, confirms the broader uptrend remains firm even as the market digests both the Fed outcome and the Saudi cargo-cancellation news. Bias stays cautious above $101.00, with a hold needed to resume the push toward $105.00-106.00; a slip below $100.00 would signal a deeper near-term correction: Ponmudi R, CEO of Enrich Money.

Sep 17, 2026, 11:40 am IST

Live Oil Prices Today: What Is The Outlook For MCX Crude Oil Prices?

MCX Crude Oil opened flat and is trading near ₹9,800, down a modest 0.05%, consolidating just below the ₹9,900-10,000 zone after last week's spike above ₹10,200. Immediate resistance is at ₹9,900-10,000, and a break above targets next resistance at ₹10,200-10,300. Immediate support is at ₹9,600-9,500, with next support at the ₹9,200 mark. RSI near 68, still elevated, confirms the uptrend remains intact despite today's mild pullback. Crude continues to find support from Saudi Aramco's cancellation of September cargoes to Europe with the East-West pipeline still shut, layered on top of the ongoing Iran-related supply risk. Bias stays cautious, with a hold needed to resume the push above ₹10,000; a slip below ₹9,600 would signal a deeper correction: Ponmudi R, CEO of Enrich Money.

Sep 17, 2026, 11:39 am IST

Live Silver Rates Today: MCX Silver Price To Hit Rs 2.30 Lakh?

MCX Silver opened with a sharp gap down near the ₹230,000 zone, down 1.02%, holding just above the day's low. Immediate resistance is at ₹233,000-234,000, and a break above targets next resistance at ₹236,000. Immediate support is at ₹230,000-229,000, with next support at ₹226,000-225,000. RSI near 46, below the midline, confirms silver remains weak alongside gold in the domestic market. Bias stays cautiously weak below ₹233,000, with a hold needed to stabilize above ₹230,000; a slip below risks a deeper fall toward ₹226,000: Ponmudi R, CEO of Enrich Money.

Sep 17, 2026, 11:39 am IST

Live Silver Rates Today: Spot Silver To Hit $62?

COMEX Silver is testing the $64,000-63,500 support zone, down 1.71% and slightly underperforming gold today. Immediate resistance is at the $65.000 mark, and a break above targets next resistance at $66.000-66.500. A decisive break below the $64.000-63.500 support region could resume weakness, with next support at $62.000-61.500. RSI at 45, below the midline, confirms the same bearish momentum seen in gold, compounded by the stronger dollar and higher yields post-Fed. Bias stays cautiously weak below $64.000, with a hold needed to stabilize; a slip below risks a deeper fall toward $62,000: Ponmudi R, CEO of Enrich Money.

Sep 17, 2026, 11:39 am IST

Live Gold Rates Today: MCX Gold Cautiously Weak

MCX Gold opened with a sharp gap down near the ₹150,700-150,000 support zone (100-day EMA), down 1.01%, mirroring COMEX gold's post-Fed slide. Price needs to reclaim and sustain above ₹153,000, with a break above targeting next resistance at ₹154,000-154,700. Immediate support is at ₹150,700-150,000, with next support at ₹148,000-147,300. RSI near 45, below the neutral 50, confirms the same weak momentum seen globally. Domestic gold remains under pressure from the hawkish Fed outcome, with the rupee's own fresh weakness offering only a partial offset. Bias stays cautiously weak below ₹153,000, with a reclaim needed to stabilize; a slip below ₹150,000 risks a fall toward ₹148,000: Ponmudi R, CEO of Enrich Money.

Sep 17, 2026, 11:38 am IST

Live Gold Rates Today: Spot Gold Outlook After Fed Rates Hike

COMEX Gold is testing the $4,340-4,300 support zone and has slipped below its 200-day EMA, down 1.51% as yesterday's post-Fed selloff continues into today's session. Immediate resistance is at the $4,400 mark (now flipped from support after the Fed-driven drop), and a break above targets next resistance at $4,470-4,500. A decisive break below $4,300 opens the door to next support at $4,200-4,170. RSI at 43, below the neutral 50 and falling, confirms bearish momentum remains in control. Gold's slide reflects the Fed's hawkish signal — a unanimous hike plus 16 of 18 officials favoring further tightening — which pushed the dollar and 10-year yields (above 5% for the first time since 2023) sharply higher. Bias stays cautiously weak below $4,400, with a reclaim needed to stabilize the pair; a slip below $4,300 risks a fresh push toward $4,200: Ponmudi R, CEO of Enrich Money.

Sep 17, 2026, 9:42 am IST

Live Gold Silver Rates Today: Commodity Market Trade Mixed At MCX

At MCX, gold and silver emerged as top losers, while lead also faced volatility. On the contrary, crude oil prices rebounded from their previous day's steep crash, while copper, zinc and natural gas emerged as top gainers.

Sep 17, 2026, 9:42 am IST

Live Gold Rates Today: MCX Gold Price Drops Rs 1,300

MCX gold price dropped by more than Rs 1,300 to struggle around Rs 1,51,150 per 10 grams. This came after the bullion touched an intraday low of Rs 1,50,483 per 10 grams.

Sep 17, 2026, 9:42 am IST

Live Silver Rates Today: MCX Silver Price Falls Rs 2,000

MCX silver price crashed by nearly Rs 2,000 to trade around Rs 2,32,846 per 1Kg. This is after the precious metal touched an intraday low of Rs 2,30,221 per 1Kg.

Sep 17, 2026, 7:01 am IST

Live Gold Silver Rates Today: What Does Fed Rate Hike Mean?

The Federal Reserve's decision to raise interest rates by 25 basis points was largely anticipated by financial markets. With inflation well above the Fed's 2% target, economic growth resilient and the labor market relatively stable, we believe the Fed needed to demonstrate its commitment to restoring price stability. The more important question for financial markets is what happens to longer-term interest rates. The 10-year Treasury yield has risen approximately 100 basis points from its February lows, including about 50 basis points since July. Some increase was understandable given higher inflation. However, in our view, much of the more recent increase could have been avoided had the Fed raised short-term rates in June or July: Nachiketa Sawrikar, Fund Manager at Artha Bharat Global Multiplier Fund.

Sep 17, 2026, 7:00 am IST

Live Gold Silver Rates Today: Why Fed Hiked Rates?

The Kevin Warsh-led FOMC has hiked Fed rates for the first time in 3 years. The reason is the inflation. Warsh said, "The plain fact is that inflation is too high and has been for too long." Warsh reiterated that FOMC's predominant focus is on the price stability side of their mandate. However, White House criticized the decision.

Sep 17, 2026, 7:00 am IST

Live Gold Silver Rates Today: Fed Hikes Rates For The First Time In 3 Years

The FOMC members hiked fed rates by 25 bps points to 3.75% to 4% with favour of 12-0 in votes. This is the first rate hike in 3 years. Fed has also signaled that one more rate hike could be on the table before 2026-end as they grapple with elevated inflation which has worsened by a recent surge in crude oil prices.

Sep 17, 2026, 7:00 am IST

Live Gold Rates Today: Spot Gold Up 1% But Remains Below $4,300

Spot gold surged nearly 1% in the early hours of Thursday. However, the bullion still traded below $4,300 mark after surrendering intraday gains in the previous session, as the US Federal Reserve raised interest rates and signaled another hike before the end of the year. The Fed increased the fed funds rate by 25 basis points to 3.75%-4%, as expected, marking its first rate increase in three years, as per Trading Economics.

Sep 17, 2026, 7:00 am IST

Live Silver Rates Today: Spot Silver Surges 1% But Near $64

Spot silver also gained momentum to rally by nearly 1%. However, spot silver still traded mildly below $64 per ounce. As per Trading Economics, precious metals found some support as oil prices retreated amid easing concerns over supply disruptions in the Middle East. Saudi Arabia is aiming to restore around half of its East-West pipeline capacity within days and return it to full operation within six weeks. US Energy Secretary Chris Wright also said that 18 million barrels of crude and petroleum products passed through the Strait of Hormuz earlier this week.