Gold slips after Fed holds rates as traders await US inflation data
Gold was reported lower after the US Federal Reserve held rates. Silver’s move, the international spot prices and the rupee’s direction are not stated in the available reports.
At a glance
Gold was reported lower after the US Federal Reserve held rates. Silver’s move, the international spot prices and the rupee’s direction are not stated in the available reports.
Gold: reported lower
Gold was reported lower after the US Federal Reserve held rates, with US inflation data in focus. The reports do not state silver’s close or either metal’s move, so which moved more cannot be established.
At 09:15 on 29 October 2026, All India Bullion quoted 999 gold at Rs 1,44,690 per 10 g, including GST. This is the dealer’s retail quote, not an international market or exchange price.
Silver: live retail quote
No silver price move is stated in the reports. All India Bullion’s 999 silver retail quote at 09:15 on 29 October 2026 was Rs 1,97,520 per kg, including GST.
International picture: spot and rupee
The reports describe gold as dipping on a firmer US dollar, but do not state an international spot price or the rupee’s move. Without both directions, their combined pull on an Indian counter price cannot be stated: a fall in dollar gold alongside a weaker rupee would push the local price in opposite directions.
What a buyer is quoted at the counter
A buyer is quoted the dealer’s retail rate, not the international spot price. All India Bullion’s Local rates include its retail premium and GST; its RTGS rates exclude GST. The two quote types therefore have different cost inclusions, so check which one applies before comparing prices.
What to watch
Watch the international gold spot price and the rupee together; their combined direction matters for Indian prices. The calendar lists US Advance GDP, the Core Personal Consumption Expenditures (PCE) Price Index, the GDP Price Index and unemployment claims for 18:00 IST on Thursday 29 October, followed by the Employment Cost Index at 18:00 IST on Friday 30 October.
Sources
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