Gold Rates & Silver Rates Today (17/9/2026) LIVE: Spot Gold & Silver Price Rallies 1% Despite Fed Rate Hike

Gold rates and silver rates in India are likely to trade volatile on September 17, 2026, after the US Federal Reserve hiked key interest rates for the first time in 3 years. 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, 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.