Gold tumbles Rs 3,200 to 10month low of Rs 1.42 lakh/10gm in Delhi

Gold's slide to a 10-month low in Delhi confirms a broad precious-metals selloff driven by firmer energy prices, renewed inflation worries and hawkish Fed commentary reviving December hike expectations. Higher-for-longer rate prospects raise the opportunity cost of holding bullion, pressuring gold and silver near term while supporting the dollar. Sustained momentum depends on incoming inflation data and Fed signalling.