Gold prices showed a modest recovery on October 14, 2026, as investors monitored upcoming US inflation figures, the Federal Reserve’s interest rate outlook and geopolitical tensions. Silver prices also recorded a slight gain in the domestic futures market, although international silver futures traded lower.
At around 9:30 AM on October 14, MCX Gold futures were trading at ₹1,48,482 per 10 grams, up 0.02%. MCX Silver futures gained 0.06% to reach ₹2,19,357 per kilogram.
In international trading, gold futures rose 0.22% to $4,186.57 per ounce. Silver futures, meanwhile, declined 0.11% to $59.463 per ounce.
US Inflation Data and Federal Reserve Policy in Focus
Market participants are closely watching US consumer inflation data for indications of the Federal Reserve’s next monetary policy decisions. According to Amit Gupta, Senior Research Head at Kedia Advisory, gold recovered after falling in the previous session as investors awaited fresh signals on interest rates.
New York Fed President John Williams indicated that another interest rate increase might be necessary this year to control inflation. In contrast, Fed Governor Christopher Waller said rising bond yields reflected stronger economic growth rather than higher inflation expectations.
Gupta’s market note cited an estimated 23% probability of an interest rate hike in October and an 88% probability of an increase in December. These figures reflect market expectations and do not represent confirmed decisions by the Federal Reserve.
Geopolitical developments are another factor influencing precious metals. Rising tensions in the Middle East have supported oil prices and increased demand for gold as a potential safe-haven investment.
Gold Price Outlook: Important Levels to Watch
According to Gupta’s technical assessment, international gold could move towards $4,200 per ounce if prices remain above the $4,150 level.
In the domestic futures market, MCX Gold has a potential target of ₹1,50,000 per 10 grams. However, the direction of prices will depend on market conditions and incoming economic data.
Investors are expected to monitor US inflation figures and further indications about the Federal Reserve’s interest rate policy to assess whether gold can maintain its recovery.
Silver Price Outlook: Support and Potential Targets
International silver has a key support level at $58.20 per ounce, according to the market assessment. If prices strengthen, the metal could move towards $61 per ounce.
On the domestic exchange, MCX Silver has a potential target of ₹2,24,000 per kilogram.
Silver’s next move will depend on broader precious metal trends, economic developments and investor sentiment. Although domestic futures have edged higher, the decline in international silver prices highlights the mixed performance across markets.
What Could Influence Gold and Silver Prices Next?
US inflation data, expectations surrounding Federal Reserve interest rates and developments in the Middle East are likely to remain important factors for gold and silver in the coming sessions.
Investors will also be watching whether gold holds above its identified support levels and whether silver can recover in international trading. The price targets and technical levels mentioned above are market estimates, not guaranteed outcomes.
Disclaimer: This article is for informational and educational purposes only and should not be considered investment advice. Gold and silver prices can fluctuate due to economic data, interest rate decisions and geopolitical developments. Readers should conduct their own research or consult a qualified financial adviser before making investment decisions.