The metal has been buoyed by supply tightness after a historic short squeeze in October.
This strong uptick is reflective of fresh bets from traders in anticipation of healthier trends from global manufacturing, says analyst
If the forecasts and tone from the Fed chair build expectations for further rate cuts in 2026, that could push bullion further. However, if this meeting turns out like the last two – 'cautious cut' – it could keep bullions steady, says gold analyst.
Silver prices will likely continue to rise as overall sentiment remains positive, says silver analyst.
Traders remain cautious about taking silver out of the US on tariff concerns after it was added to the US Geological Survey’s critical minerals list.
Swap traders are expecting a quarter-point rate cut by the Fed but are now leaning toward two further moves by the end of 2026, down from three signaled barely a week ago.
As markets brace for the US Fed rate decision, the white metal is likely to stay in focus.
The key driver for the day remains the US Fed policy statement and interest rate decision, which will set the next trend.
The industrial metal climbed as much as 1.3% to $11,771 a ton, blazing past a record set in the previous session
Silver may offer higher returns in the near-term, potentially outperforming gold if global demand and rate-cut expectations persist, says Silver analyst.
Interest rate traders now comprise 88.4 percent vote for the probability of rate cut in the upcoming US Federal Reserve meeting come December 9.
On the Multi Commodity Exchange (MCX), gold futures appreciated by Rs 958, or 0.74 per cent, this week, outperforming the global prices.
The anticipation that the incoming Fed Chair is going to be more dovish than past ones is also helping gold and silver, says Augmont report.
Rupee showed mild recovery ahead of Friday’s RBI policy, adding pressure to domestic prices of Gold.
Gold and silver continue to rise as recent data indicates a gradual cooling of the US economy, combined with dovish signals from Fed policymakers, has bolstered market, says Augmont Bullion report.
India’s December gold futures closed the trade strong yesterday, moving closer to its highest level since October 17 when the price hovered just above Rs 1,32,294.
The anticipation that the incoming Fed Chair is going to be more dovish than past ones is also helping gold and silver, says Augmont report.
Oil markets are awaiting the outcome of the Ukraine peace talks to see if a deal could lead to the removal of sanctions on Russian companies, including major oil companies Rosneft and Lukoil, that would free up restricted oil supply
Gold prices traded strong on Monday reaching 1,31,000 levels, and took a dip during yesterday’s trade.
The recent gains in precious metals reflect the potential for cuts to gather pace after Jerome Powell’s term ends in May.
On the global front, spot gold fell by USD 45.17, or 1.07 per cent, to USD 4,187 per ounce, while silver was trading 1.77 per cent lower at USD 56.97 per ounce.
Bitcoin’s price is up 0.58% percent in the last 24 hours. The morning session saw the cryptocurrency fall as low as $84,682 and peaked just above $87,193.
The higher output is expected to allow the world's second-largest sugar producer to export surplus supplies without risk of domestic shortages, although it could weigh on global prices
On the Multi Commodity Exchange (MCX), silver futures for March 2026 delivery tumbled by Rs 3,253, or 1.79 per cent, to Rs 1,78,777 per kilogram in 14,678 lots.
Silver had its biggest December returns in 1997 and 2020, with gains of roughly 17 percent over the month, says Augmont report.