Gold slips as oil and US inflation data strengthen Fed hike bets
Gold was reported lower, but the reports do not give a closing level for either metal or a move comparison. Here are All India Bullion’s retail quotes and what buyers should watch.
At a glance
Gold was reported lower, but the reports do not give a closing level for either metal or a move comparison. Here are All India Bullion’s retail quotes and what buyers should watch.
Gold
At 09:15 IST on 30 October 2026, All India Bullion quoted 999 gold at Rs 1,43,710 per 10 g and 999 silver at Rs 1,92,440 per kg; both are retail quotes, not closing levels. Reports said gold slipped, but do not give closing figures for both metals or establish which moved more.
Reuters reported that higher oil and US inflation data strengthened expectations of Fed rate hikes. The Economic Times said US inflation data reinforced the Fed outlook. Business Standard linked higher oil prices to supply concerns after Houthi attacks on Saudi Arabia.
Silver
The 999 silver retail quote from All India Bullion was Rs 1,92,440 per kg at 09:15 IST on 30 October 2026, including GST. The reports cited here do not state silver’s closing level or its direction for the session, so a comparison with gold’s move cannot be made.
International picture
Gold was reported lower, but the reports do not give a spot price in dollars or a move in the rupee. A fall in dollar gold pulls an Indian gold price down, while a weaker rupee pulls it up; without the rupee’s direction, the combined effect cannot be stated.
At the counter
For a retail purchase from All India Bullion, check the Local quote for the item and purity you want. At 09:15 IST on 30 October 2026, the Local 22K gold rate was Rs 1,31,780 per 10 g, including GST; the Local 999 gold rate was Rs 1,43,710 per 10 g, including GST.
These are All India Bullion retail quotes, with the retail premium included; they are not market, spot or MCX prices. The RTGS quotes exclude GST, so they are not directly comparable with the GST-inclusive Local quotes.
What to watch
Watch oil prices and US inflation data, the two factors cited in reports about gold’s decline and Fed rate expectations. The calendar lists the US Employment Cost Index (ECI) quarter-on-quarter release for 18:00 IST on Friday, 30 October 2026. Check the live rate before buying, then ask for the full cost breakdown.
Sources
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