Markets · NY Daily Wire
Gold steady, silver up as investors await US Fed decision. Higher US Treasury yields and strong dollar weigh on bullion. By Anshul September 16, 2026, 7:26:30 AM IST (Published) 2 Min Read Gold prices remained largely steady in early trade on Wednesday, September 16, while silver gained as investors awaited the US Federal Reserve's policy decision later in the day.
Higher US Treasury yields and a firm dollar continued to weigh on bullion, while elevated crude oil prices kept inflation concerns in focus. On the international market, COMEX gold was at $4,329.30 an ounce, down $3.50, or 0.08%, from the previous close of $4,333.50 an ounce. The contract touched an intraday high of $4,339.50 an ounce and a low of $4,315.20 an ounce.
COMEX silver, meanwhile, rose 0.59% to $64.235 an ounce, against the previous close of $64.185 an ounce. Silver moved between a high of $64.480 an ounce and a low of $63.940 an ounce. In the domestic market, gold prices had fallen ₹1,000 on Tuesday (September 15) to ₹1.54 lakh per 10 grams in New Delhi, taking the precious metal to its lowest level in more than a month, according to local traders cited by PTI.
Silver, however, remained unchanged at ₹2.34 lakh per kg, inclusive of taxes. The latest weakness in gold followed a decline in international spot prices. Analysts attributed the move to a stronger US dollar and rising Treasury yields.
The US 10-year Treasury yield crossed 5% on Tuesday (September 15), reaching its highest level since 2007, before easing slightly in Asian trade on Wednesday. Higher bond yields can weigh on gold because the precious metal does not generate interest income. The dollar index was trading near a two-week high, adding further pressure on dollar-denominated gold.
At the same time, Brent crude remained elevated at around $108 a barrel after gaining sharply in the previous session, adding to concerns about inflation. Markets are now focused on the Federal Reserve's policy decision and its guidance on interest rates. Changes in the Fed's rate outlook can influence the dollar and bond yields, making the central bank's commentary an important near-term trigger for bullion prices.
In India, gold imports fell 57.75% year-on-year to $2.3 billion in August, while silver imports jumped 127% to $1.02 billion, according to Commerce Ministry data. During April-August 2026-27, gold imports rose 3.38% to $17.47 billion. -With agencies inputs Note To Readers This article is for informational purposes only and should not be construed as investment advice. Readers should consult certified experts before making any investment decisions.
Source: CNBC TV18
