Gold and silver futures on MCX soared to all-time highs after Federal Reserve Governor Stephen Miran said the American central bank’s interest rate is too high, and should be slashed aggressively.
Gold rate today: Gold futures on MCX with October expiry hit a fresh lifetime high of Rs 1,11,472 per 10 grams.
'Gold jumped as traders bet on two more rate cuts from the US Federal Reserve,' said Axis Securities.
Geopolitical tensions remain elevated, particularly with Ukraine continuing drone strikes on Russian energy infrastructure, which could keep oil prices volatile in the near term.
Gold rate today: Yellow metal's October contracts on MCX opened at Rs 1,09,254 per 10 grams today.
Gold rate today: Yellow metal's October contracts on MCX opened at Rs 1,09,180 per 10 grams today.
Gold rate today: Yellow metal's October contracts on MCX opened at Rs 1,09,956 per 10 grams today.
Speaking at an MCX event, Sebi chairman said there are plans to set up a working group on commodities to address the bottlenecks for the segment's volume growth.
Gold rate today: Gold futures on MCX with October expiry then hit a lifetime high of Rs 1,10,548 per 10 grams.
Gold rate today: Yellow metal's October contracts on MCX opened at Rs 1,09,255 per 10 grams today.
With the September cut largely priced in, commodity markets are focused on Powell’s tone and any forward-looking signals regarding the Fed’s stance through the remainder of 2025, especially in light of a persistent slowdown in labour demand.
Gold rate today: Yellow metal's October contracts on MCX opened at Rs 1,09,352 per 10 grams today.
Gold prices climbed Rs 572 to trade close to record levels at Rs 1,09,553 per 10 grams in the domestic futures market on Friday.
Silver futures with December expiry hit a fresh all time high of Rs 1,28,612 per kilogram on MCX today. Silver contracts with March expiry rose nearly Rs 1,600 to hit Rs 1.3 lakh per kilogram for the first time ever.
China’s so-called anti-involution campaign has driven a structural reset in the local economy, and for India, this opens up opportunities across commodities, renewables, chemicals and EVs.
Gold rate today: Yellow metal's October contracts on MCX opened at Rs 1,08,705 per 10 grams today.
Gold's October contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 1,08,744 per 10 grams today.
Gold rate today: Yellow metal's futures with October expiry crossed the key Rs 1,09,500 per 10 grams mark on MCX earlier today.
Gold's rise is being driven by a combination of factors including a weaker US dollar, expectations of interest rate cuts, political pressure on the Federal Reserve, and heightened geopolitical uncertainties, said Axis Mutual Fund.
Gold rate today: Yellow metal's October contracts on the MCX opened at Rs 1,07,456 per 10 grams today.
Gold rate today: Gold's October contracts on the MCX opened at Rs 1,06,676 per 10 grams today.
Gold rate today: Yellow metal's October contracts on the MCX opened at Rs 1,06,500 per 10 grams today.
Gold rate today: 'Gold extended its rally in the global market to fresh highs, reflecting investor caution amid persistent concerns over prolonged US tariffs and their potential impact on global growth and geopolitical change,' said Vinod Nair from Geojit Investments.
Spot gold was steady at $3,476.48 per ounce as of 0947 GMT, after hitting a record high of $3,508.50 earlier in the session. Bullion has gained 32% so far this year
Gold rate today: Yellow metal's October contracts on the MCX hit a fresh record high of Rs 1,05,937 per 10 grams today.