Gold Rate Today: MCX Gold & Silver Rise Ahead of US Fed Policy

Gold prices are trading higher in early deals, with investors closely watching developments in the US financial markets. MCX gold February futures were up 0.20% at ₹1,30,369 per 10 grams, while MCX silver March contracts rose 1.14% to ₹1,90,210 per kg.

This upward movement comes as markets anticipate the outcome of the US Federal Reserve's policy decision, scheduled for today.

Market Performance: Gold & Silver Gain Momentum

The precious metals market is seeing increased activity as traders weigh global factors:

• Gold (MCX February futures): ₹1,30,369 per 10 grams, up 0.20%
• Silver (MCX March contracts): ₹1,90,210 per kg, up 1.14%

The movement in prices reflects a combination of interest rate expectations and ongoing demand for safe-haven assets.

Main News: US Fed Policy and Market Reactions

Today, the US Federal Reserve will reveal its policy stance, amid inflation that remains above the 2% target and a labor market that is beginning to cool.

• US PCE Price Index: Up 0.3% in September, matching August
• Yearly PCE: 2.8%, slightly above August's 2.7%
• US Jobless Claims: 1,91,000 for the week ending November 29, lowest in over three years

These indicators are influencing investor sentiment in global markets, and expectations of a 25-basis-point rate cut are supporting demand for gold and silver.

Company Details: Gold & Silver Key Levels

In the domestic market, gold and silver prices are being closely monitored for key support and resistance levels:

Gold (INR / MCX)

• Support: ₹1,29,500 – ₹1,28,750 per 10 grams
• Resistance: ₹1,30,950 – ₹1,31,700 per 10 grams

Silver (INR / MCX)

• Support: ₹1,86,750 – ₹1,85,200 per kg
• Resistance: ₹1,89,810 – ₹1,90,670 per kg

Globally, gold is maintaining above $4,200 per troy ounce, while silver has crossed $60 per troy ounce for the first time in international markets this week.

Summary: Gold Rate Today Shows Resilience

Gold and silver prices are rising ahead of the US Fed policy announcement, reflecting investor caution and interest in safe-haven assets. With key support and resistance levels defined, market participants are tracking both domestic MCX rates and global prices for trading insights.

The precious metals market remains volatile, influenced by the US economic indicators, Fed decisions, and broader global financial trends. Today’s session will likely set the tone for short-term movements in gold and silver.