New Delhi, Sept. 25 -- For buyers watching the fourth-quarter jewellery season, Wednesday brought a rare window. Gold in the United Kingdom slipped to its lowest level in two weeks as the London Bullion Market Association afternoon benchmark settled lower, pulled down by a strengthening dollar and a US Federal Reserve message that upended whatever lingering hope remained for a 2026 rate cut.

meaningful on larger purchases, marginal on single pieces.

The immediate driver came from Washington. Federal Reserve Board Governor Christopher Waller's statement that the Fed would deliver no rate cut in 2026 reinforced the hawkish consensus that has been building through the autumn. US 10-year Treasury yields pushed toward 5.1%, dragging UK gilts...