Gold Price Today: MCX Gold and Silver Extend Gains as Weak Dollar Supports Sentiment

Gold prices continued their upward streak in the stock market today, with both gold and silver showing steady gains in domestic futures. The move comes on a day when global cues turned slightly supportive—mainly because the US dollar index eased, and recent developments in the US economy added a fresh layer of uncertainty across commodities.

With interest buzzing around gold price today, gold rate today, and where MCX bullion is headed, the market mood stayed active from early trade.

Market Perfrmance: MCX Gold and Silver Stay Firm

By early morning trade, both major bullion contracts were in the green.

At around 9:15 am:

• MCX Gold (December): up 0.12%, at ₹1,26,905 per 10 grams
• MCX Silver (December): up 0.21%, at ₹1,64,805 per kg

The uptick aligned with the broader move seen across the global market as bullion reacted to shifting sentiment around inflation, data releases, and policy signals.

The US dollar index is headed for its second straight weekly decline, making gold more attractive for global buyers. A softer dollar typically lifts demand for commodities priced in USD, and that effect could be seen in the momentum today.

Main News: What’s Driving Gold and Silver Prices Today

The shift in gold and silver prices today is tied closely to the U.S. macroeconomic setup.

Several developments shaped the day’s narrative:

• The US government reopened after a 43-day shutdown, which had previously delayed economic data releases.
• Concerns around inflation remain in focus.
• The Federal Reserve signaled a more cautious tone after two rate cuts this year.
• Broader expectations of a US Fed rate cut cooled slightly for December.

Recently, the US Fed cut rates by 25 basis points, but policymakers emphasized the need for clearer data before committing to additional easing. That tone filtered into global markets, including domestic bullion prices.

Traders are currently pricing in:

• 51% probability of a quarter-point rate cut next month
• This is lower compared to 64% seen in the previous session.

Shifting rate expectations often influence gold, as lower rates typically soften bond yields and support the metal.

Global Cues Impacting Gold Rate Today

The reopening of the US government added its own layer to the macro picture. A long shutdown affects data flow, and missing reports inject uncertainty—something that historically supports safe-haven assets like gold and silver.

With that backdrop, the yellow metal extended its gains for another session, mirroring the trend seen across global bullion markets.

Commodity Snapshot

Unlike equities, the bullion market reacts instantly to global macro triggers. For traders tracking MCX gold and MCX silver, today’s movement reflects:

• A softer US dollar index
• Re-adjusted expectations around future US Fed policy
• Market recalibration after the US govt shutdown ended
• Broader risk sentiment across global markets

Gold and silver remained aligned with these global cues, keeping domestic futures active throughout the session.

Summary

Gold price today in India continued to rise, supported by:

• Softer US dollar
• Easing expectations of immediate rate cuts
• Improved risk sentiment after the US govt reopening
• Uncertainty from delayed economic data

Here’s the quick market snapshot:

• MCX gold (Dec) at ₹1,26,905, up 0.12%
• MCX silver (Dec) at ₹1,64,805, up 0.21%
• The US dollar index headed for a second straight weekly decline.
• The market is reassessing the chances of a US Fed rate cut next month.

The bullion market continued its gaining streak, making gold and silver the focal point in the stock market today, with traders tracking every move in the gold rate today and silver rate today across MCX.