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Commodities

Dollar Strengthens, Fed Hawkishness Sink Indian Gold Futures

Guavy AI Editorial Team
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Gold
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Gold futures on India's Multi Commodity Exchange (MCX) declined by ₹914 to ₹1.52 lakh per 10 grams on September 22, 2026, due to a strengthening dollar and hawkish signals from the US Federal Reserve.

The contract opened with a firm note, rising by ₹403 to touch an intraday high of ₹1,53,497 per 10 grams, but later reversed course and fell nearly 1% to ₹1,52,180 per 10 grams.

Pinky Yadav, Commodity Fundamental Analyst at Choice Broking, attributed the decline in MCX gold prices to a strengthened dollar index, which rose to around 100.3 following hawkish comments from the Federal Reserve.

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