Gold Price Today: MCX Gold Jumps 1%, Silver Surges 2% as Global Cues Turn Supportive

Market Performance

Gold price today opened with a strong upward move on the MCX, setting the tone for a risk-off morning in commodities.

The MCX Gold December futures were trading 1.12% higher at ₹1,22,426 per 10 grams around 9:40 am, signaling renewed interest in the yellow metal.

Silver joined the rally, with MCX Silver December contracts gaining 1.93% to ₹1,50,579 per kg.

The move came after a sharp correction recently, making today’s bounce a point of focus for traders tracking gold price today, gold rate today, MCX gold, silver rate today, and MCX silver.

What Triggered Today’s Gold and Silver Rally

The sentiment around precious metals strengthened as global uncertainties escalated.

Several developments in the US economy added fuel to today’s momentum:

Key Drivers Behind the Jump

• US government shutdown has stretched to 40 days, marking the longest-ever shutdown in US history.
• The prolonged political deadlock sparked fresh concerns around the broader US economic outlook.
• Latest US data signaled weakness in job markets, with job losses emerging in both government and retail sectors.
• Rising reliance on cost-cutting and AI adoption contributed to a surge in announced layoffs.
• US consumer sentiment slipped to its weakest level in almost three-and-a-half years, adding to concerns about household confidence.
• The dollar index softened, giving additional support to both gold and silver.
• Market readings indicated a 67% probability of a US Federal Reserve rate cut in December, adding to the short-term lift in precious metals.

With global uncertainty dominating investor attention, the rising demand for safe-haven assets helped shape the morning movement in gold and silver.

Company Details — MCX Snapshot

To give a quick overview of where MCX contracts stood this morning:

MCX Gold (December Futures)

• Price: ₹1,22,426 per 10 grams
• Move: +1.12%

MCX Silver (December Contracts)

• Price: ₹1,50,579 per kg
• Move: +1.93%

These levels reflect the early-morning action and highlight the scale of the intraday surge in both metals.

Summary

The surge in gold price today and silver rate today on MCX is closely tied to global risk factors—especially the prolonged US government shutdown, weakening job data, softening consumer sentiment, and expectations around US monetary policy.

While gold futures climbed over 1%, silver pushed nearly 2% higher, placing both metals firmly on the radar for anyone tracking MCX gold, MCX silver, and broader commodity market sentiment.