Archive · 21 Nov 2025
Gold Prices Plummet Amid Strong US Jobs Data
Gold prices went down a lot on Friday.
This happened because the US job report was better than people thought it would be.
This made people think that the US might not lower its interest rates soon, which made the US dollar stronger.
A stronger dollar makes gold less valuable, so gold prices went down.
Gold and silver futures on the Multi Commodity Exchange also fell.
Gold prices dropped significantly on Friday
US September jobs data stronger than expected
Fed rate cut expectations faded, boosting the dollar
Gold futures on MCX fell by Rs 1,067 to Rs 1,21,697 per 10 grams
Silver prices also dipped, with December futures down by Rs 3,349
- Who
- Gold, Silver
- What
- Prices dropped significantly
- When
- Friday
- Where
- Global markets, specifically India
- Why
- Strong US jobs data, stronger dollar, fading Fed rate cut expectations
Bearish on Gold
Bullish on Gold
US Jobs Data
Bearish on Gold
Stronger data weakened gold's appeal
Bullish on Gold
Strong physical demand from China and Australia supported gold
- Gold Futures (MCX)
- Rs 1,21,697 per 10 grams (-0.87%)
- Silver Futures (MCX)
- Rs 1,50,802 per kg (-2.17%)
- US Nonfarm Payrolls
- 119,000 (more than double projections)
- Dollar Index
- Above 100
- Fed Rate Cut Probability (Dec)
- 30% to 40%
Sources
Rupee ends a tad lower as modest inflows cushion drag from firmer dollar
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Gold price today: Comex gold rates drop to $4,062/oz. Is yellow metal facing caution ahead?
How will markets open today? GIFT Nifty in red, Nikkei down 1.5%, gold and 5 other cues at this hour
Gold Falls As Strong US Jobs Data Dims Rate-Cut Prospects
Gold rate today: MCX gold price falls near ₹1.22 lakh per 10 gms; silver price slips over 1%
