Fed Rate Cut Boosts Gold Prices; See 24K, 22K, 18K Rates in Your City

• Gold prices rose after the US Federal Reserve cut lending rates by 25 basis points, the third reduction this year.
• Spot gold climbed above $4,215 an ounce; in India, futures market gold was Rs 1,30,575 for 10 grams, up 0.60%.
• Lower interest rates and a softer USD make gold more attractive to investors, reducing the opportunity cost of holding non-yielding assets.
• Central bank buying, global ETF flows, trade war uncertainty, and geopolitical risks are key drivers for the recent gold price surge.
• Central banks purchased 53 tonnes of gold in October, marking the largest monthly net demand this year.

Why It Matters: Lower interest rates make gold a more attractive investment option.