Gold prices near Rs 1.45 lakh/10g, silver jumps Rs 2,900/kg on MCX despite rising Fed rate hike bets. Check rates in your city
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Gold prices reached Rs 1,44,546 per 10 grams on MCX, while silver jumped Rs 2,938 to Rs 1,85,514 per kg.
- ✓Prices rose despite rising bets on a Federal Reserve rate hike next month.
- ✓Analyst Soni Kumari said, "the near-term macro setup for gold does not seem positive" amid high inflation data.
Story at a Glance
- Category
- Indian Markets
- Reported By
- The Economic Times
- Reading Speed
- 5 Minute(s)
- Market Focus
- India Economy
Gold and silver prices in the domestic market inched higher after a sharp drop in the previous session. Still, investors remain cautious as stronger-than-expected US inflation data boosted expectations of a rate increase by the Federal Reserve next month, exerting pressure on the precious metals.
In the domestic market, MCX silver futures for December 2026 delivery gained Rs 2,938 to Rs 1,85,514 per kg. Gold futures for December 2026 delivery rose by Rs 846 to Rs 1,44,546 per 10 grams.
Gold prices edged slightly higher in early Asian trade today but remained close to a one-week low following the stronger-than-expected US inflation data.
Why are Fed rate hike expectations rising?
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The Economic Times
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