MCX Gold slips to ₹1.26 lakh/10 grams; Silver declines to ₹1.6 lakh/kg on November 14

Similarly, the yellow metal contracts for the February 2026 expiry stood at ₹1,27,871 per 10 grams, down by ₹536 or 0.42%, at around 10:55 am.

In the international market, Comex gold was trading 0.13% lower at $4,188.87 per ounce.

Meanwhile, a budget bill to reopen the government was signed by President Donald Trump on Wednesday, bringing an end to the longest government shutdown in U.S. history.

White House's National Economic Council Director Kevin Hassett noted that certain October figures may "simply never show up," as some agencies were unable to collect data during the shutdown.

Additionally, the Federal Reserve is likely to inject more money into the system to address a partial liquidity drain caused by the shutdown.

The probability of a 25 basis point rate cut in December by the Fed has dropped to 50% from over 95% a month earlier, while expectations for 2026 have not changed, a PTI report said, quoting Renisha Chainani, Head of Research at Augmont.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.06 per cent higher at 99.21.

China's factory output and retail sales grew at their weakest pace in over a year in October, with industrial output rising 4.9% YoY, National Bureau of Statistics (NBS) data showed, the lowest annual growth since August 2024, as against a 6.5% increase in September. Its retail sales advanced by 2.9%, compared to 3% in September.

In India, retail inflation fell to a record low of 0.25% in October, following a cut in GST rates on nearly 380 items of mass consumption, as well as subdued prices for vegetables, fruits, and eggs.

On Monday, US Fed Governor Stephen Miran stated that a rate drop of 50 basis points would be suitable for December, pointing out that the unemployment rate is gradually rising while inflation is declining.

On the MCX, silver futures for the December expiry were trading ₹1,661 or 1.02% lower at ₹1,60,809 per kilogram. White metal contracts for March 2026 delivery stood at ₹1,64,573 per kilogram, down ₹791 or 0.48% on Friday.

Globally, Comex silver fell 0.67% to trade at $52.815 per troy ounce.

The US Department of the Interior added silver to its "critical minerals" list and highlighted its importance to the economy and national security.