Commodities markets will closely monitor developments on the US-China trade front, especially after Trump threatened to withdraw from a planned meeting with Chinese President Xi Jinping at a summit in South Korea later this month.
Silver rate today: Check the latest prices of 10 grams of 22 carat and 24 carat silver in major cities of the country on October 10.
Silver rate today: While domestic prices increased, silver futures dropped in trade.
Gold rate today: Gold futures on MCX with December expiry were down 0.11% (Rs 138) to Rs 1,23,071 per 10 grams.
Silver rate today: Silver futures with December expiry on MCX hit an all-time high level of Rs 1,48,724 per kilogram today.
Gold rate today: Gold futures on MCX with December expiry hit an all-time high level of Rs 1,22,780 per 10 grams today.
Analysts however advise caution, suggesting that investors may resort to profit booking at these elevated levels, resulting in some consolidation in short-term.
Gold rate today: Let's check the latest prices of 10 grams of 22 carat and 24 carat gold in major cities of the country on October 7.
Gold rate today: Check the latest prices of 10 grams of 22 carat and 24 carat gold in major cities of the country on October 6.
Most importantly, with no weekend votes expected, the Senate's failure to pass funding bills on Friday means the shutdown will enter its sixth day on Monday. The ongoing data blackout, including the non-release of the official jobs report, clouds the Fed’s monetary policy outlook.
Investor attention next week (starting from September 29) will focus on scheduled speeches from several Fed officials, with markets currently pricing in two quarter-point rate cuts in upcoming meetings.
Gold and silver prices have been hitting fresh record highs consecutively for several sessions this month, dodging market volatility.
Gold rate today: 'The rally is supported by the Fed's dovish rate-cut outlook and expectations of further easing into late 2025, keeping liquidity strong in bullions,' said Jateen Trivedi from LKP Securities.
Gold rate today: Gold futures on MCX with October expiry opened at Rs 1,12,469 per 10 grams today.
Gold rate today: Let's check the latest prices of 10 grams of 22k and 24k gold in major cities of the country on September 24.
Gold rate today: Here are the latest prices of 10 grams of 22 carat and 24 carat gold in major cities of the country on September 23.
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.