Gold rates and silver rates in India traded under pressure on Thursday due to weak demand in the global bullion market. MCX gold price struggled around Rs 1,50,900 per 10 grams with a marginal downtrend, while MCX silver price dropped by over 0.5% to trade below Rs 2.35 lakh mark. In the early hours of September 24th, spot gold traded down by 0.22% to below $4,280 per ounce and spot silver underperformed with a 1% decline to trade around $63.8 per ounce.
Meanwhile, at the time of writing, US WTI crude oil futures traded lower by 0.4% to near $92 per barrel and Brent crude oil futures tumbled nearly 1% to hold around $102 per barrel.
This came after the Iranian President Masoud Pezeshkian in his speech at the UN General Assembly made it clear that Iran will not bow to threats and will not give up their right to build nuclear technology for economic development. He also threatened that the Islamic Republic will not allow freedom of navigation through the Strait of Hormuz as long as sanctions and a US blockade continue to be in-place.
Further, the US 10-year Treasury Yield traded around 5.11%, which is still near its highest level since July 2007. Not just that US dollar reached 101 mark, hovering at its highest level in almost two months as stronger-than-expected economic data heightened inflation concerns and reinforced expectations for further policy tightening.
Those moves came as stronger-than-expected US private-sector data heightened inflation concerns and strengthened expectations for further Federal Reserve rate hikes. Several Fed officials have also reiterated support for last week's rate increase while warning about persistent inflation risks. Markets are now pricing in around a 70% chance of another Fed rate hike in October, up from 55% a day earlier. At the same time, oil prices rebounded as Iranian President Masoud Pezeshkian maintained a firm stance, saying Tehran would not allow freedom of navigation through the Strait of Hormuz while sanctions and a US blockade remain in place. Higher oil prices add to inflationary pressures, reinforcing expectations for a more hawkish interest-rate outlook, as per Trading Economics.
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Sep 24, 2026, 10:58 am IST
LIVE Stock Market Today: NSE IPO Lists Tepid But Enters Top 10 Market Cap Cub
The National Stock Exchange (NSE) share price has risen over 5% on the BSE exchange during its debut on September 24. Although the premium listing is tepid, it is enough to send NSE into the top 10 most valued companies club in India. NSE not only dethroned giants like Hindustan Unilever (HUL) and Sun Pharma but is also rivaling behemoths like LIC and Larsen & Toubro on BSE. NSE's market valuation is also more than 3 times bigger than its rival, BSE. Analysts at PL Capital have recommended ACCUMULATE the stock.
MCX gold price touched an intraday low of Rs 1,50,774 per 10 grams in the opening bell of September 24, 2026. At the time of writing, MCX gold struggled to maintain Rs 1,50,900 levels.
Sep 24, 2026, 9:50 am IST
Live Silver Rates Today: MCX Silver Plunges Rs 1,100
MCX silver price also declined sharply on Thursday by hitting an intraday low of Rs 2,34,447 per 10 grams. The precious metals is currently trading lower by Rs 1,105 or 0.5% to around Rs 2,34,790 as spot silver declined 1%.
Sep 24, 2026, 9:50 am IST
Live Commodity Market Today: Copper, Silver, Gold, Crude Oil Top Losers At MCX
At MCX, commodities market witnessed a mixed trend. MCX gold, copper, crude oil and silver prices plunged by 0.3% to 0.5%. On the other hand, natural gas, lead, and zinc were among gainers.
Sep 24, 2026, 9:49 am IST
Live Commodity Market Today: Edible Oil Import Duty Trimmed
The government has lowered basic import duty on crude palm oil and crude soyoil by 5% to 10% from earlier 5%. Also, the duty is trimmed to 27.5% from 32.5% on refined palm oil and refined soyoil. Over the past year, vegetable oil prices have climbed around 20% and the latest customs duty cut is expected to push the prices lower and drive consumption, especially during festive season from September to November.
Live Oil Prices Today: Brent Crude Holds $102 Mark
Although, Brent Crude has slipped by 1%, it still traded around $102 mark. As per Trading Economics, in the US, Energy Secretary Chris Wright said the Trump administration was working with refiners on a voluntary reduction in US diesel exports as an alternative to imposing a formal ban on overseas shipments. Meanwhile, Saudi Arabia is taking steps to resume oil exports through its key East-West pipeline. Ukrainian President Zelenskyy also said he and President Trump had discussed an energy ceasefire.
Sep 24, 2026, 9:00 am IST
Live Oil Prices Today: US WTI Crude Oil Drops 1%
US WTI crude oil futures plunged by nearly 1% to trade around $91.3 per barrel, scrapping some of the previous gains amid heightened uncertainty around US-Iran negotiations.
Sep 24, 2026, 8:25 am IST
Live Gold Silver Rates Today: What Will Impact MCX Gold Today?
Going ahead, US-Iran developments, UN meeting updates and Xi Jinping’s US visit are likely to keep gold volatile. Gold range can be seen between ₹1,50,000–₹1,53,500: Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.
Sep 24, 2026, 8:24 am IST
Live Silver Rates Today: Spot Silver Plunges 1%
Spot silver declined by nearly 1% to trade around $64 per ounce. As per Trading Economics, markets are now pricing in around a 70% chance of another Fed rate hike in October, up from 55% a day earlier. At the same time, oil prices rebounded as Iranian President Masoud Pezeshkian maintained a firm stance, saying Tehran would not allow freedom of navigation through the Strait of Hormuz while sanctions and a US blockade remain in place. Higher oil prices add to inflationary pressures, reinforcing expectations for a more hawkish interest-rate outlook.
Sep 24, 2026, 8:24 am IST
Live Gold Rates Today: SPOT Gold Struggles
Spot gold struggled to gain momentum and traded around $4,288 per ounce due to stronger dollar and treasury yield. As per Trading Economics, those moves came as stronger-than-expected US private-sector data heightened inflation concerns and strengthened expectations for further Federal Reserve rate hikes. Several Fed officials have also reiterated support for last week’s rate increase while warning about persistent inflation risks.
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