Market erformance
The precious metals market opened with a firm tone as gold and silver prices in India moved higher throughout the morning session.
Gold price today on MCX saw a steady upward move, supported by strong spot demand and improving global sentiment.
For traders watching the gold rate today, the big development was gold climbing back above the ₹1,25,000 mark.
Silver followed the same path, extending gains in early deals.
The overall mood in bullion markets turned positive as international prices approached a three-week high, setting the stage for a stronger day across gold and silver futures.
Main News: Gold and Silver Extend Gains on MCX
The biggest highlight of the day came early.
MCX gold December futures rose close to 1%, reclaiming ₹1,25,000 per 10 grams. At around 9:15 am, MCX gold traded near ₹1,25,137 per 10 grams.
Silver maintained its momentum, too.
December silver contracts on MCX were up 1.12%, trading around ₹1,55,407 per kg during the same time window.
These moves came as international gold prices climbed to their highest level in nearly three weeks, lifted by expectations of an upcoming US Federal Reserve rate cut.
A stable US dollar and steady bond yields helped maintain the bullish tone globally.
Global Sentiments Behind the Move
The shift in global sentiment played a major role in shaping the gold price today. Investors closely watched cues from the US economy, where recent data pointed to softer job numbers and weakened consumer confidence.
Those indicators have raised the likelihood of another rate cut in the upcoming Fed meeting.
In the futures market, the expectations were visible:
- The CME FedWatch tool reflected a 64% probability of a 25 bps cut in the next policy meeting.
With markets leaning toward a rate reduction, demand for safe-haven assets strengthened, helping gold and silver push higher across major exchanges.
Parallel to this, discussions around a possible resolution of the US government shutdown also impacted market sentiment, as global traders positioned themselves ahead of any fiscal developments.
Why Gold and Silver Are in Focus Today
The movement in MCX gold and MCX silver stands out for multiple reasons — from global economic signals to local buying interest.
For many traders tracking the gold rate today, the reclaiming of the ₹1,25,000 level added a crucial psychological boost.
The silver rate today also remained supported through the morning, with prices staying firm above the ₹1,55,000 level.
Here’s a quick look at the key numbers from today’s session:
- MCX Gold (Dec): ₹1,25,137 per 10 grams
- MCX Silver (Dec): ₹1,55,407 per kg
- International gold levels: near a 3-week high
- Probability of US rate cut: 64%
These figures shaped the early trend and kept market participants focused on precious metals.
Summary
Gold price today moved up sharply on MCX, climbing nearly 1% and crossing the ₹1,25,000 mark, while silver also gained over 1% in early trade.
The jump came as global markets reacted to expectations of a potential US Fed rate cut, softer US economic data, and improving spot demand.
Key highlights:
- MCX Gold: ₹1,25,137 per 10g
- MCX Silver: ₹1,55,407 per kg
- International gold at near 3-week high
- Support from stable dollar and bond yields
- Rate cut probability at 64%
With both gold and silver strengthening, the bullion market stayed active across early Tuesday’s session as traders monitored global developments and domestic price movements closely.
Easy & quick
Leave A Comment?