Gold on MCX slipped 0.4% to ₹1.52 lakh per 10 g, silver down 0.3% on Wednesday.
U.S. Fed policy sits at 3.75‑4%, lifting yields and making non‑interest‑bearing assets less attractive.
Rupee strength, falling crude, and easing oil‑supply anxieties offset some inflation pressure, but global rates keep volatility alive.
Gaurav Garg of Lemonn says stronger dollar and high yields keep metals under pressure, while Darshan Desai of Aspect Bullion notes buyers are staggering purchases amid high prices.
Analysts expect festive and wedding demand to lift physical gold if prices stabilize; Giottus CEO Vikram Subburaj targets support near ₹1.55 lakh, with resistance at ₹1.53‑₹1.54 lakh.