Gold Silver prices surge today in India and globally amid US Fed rate cut expectations and economic concerns. Check latest gold and silver rates and market trends.

Gold Silver prices witnessed significant gains today, reflecting growing investor optimism and global economic uncertainties. Expectations of a US Federal Reserve rate cut and concerns about the American economy have fueled buying momentum in precious metals.

Gold Price Today in India

On the first trading day of the week, gold prices surged sharply in domestic markets. On the MCX exchange, gold futures opened with a gain of 0.98% or ₹1,181, trading at ₹1,22,248 per 10 grams. Positive global trends and the anticipation of a rate cut by the US Federal Reserve next month have contributed to this rise. Growing concerns over the US economy have also added momentum to gold prices.

also read:- Gold-Silver Price Today: After a Rally, Gold and Silver Slip 

Silver Price Today in India

Silver prices mirrored the gold rally, seeing significant gains in domestic markets. Silver futures on MCX jumped 1.75% or ₹2,591, reaching ₹1,50,319 per kilogram in early trading. Investor sentiment remains strong amid global economic uncertainty and increasing demand for safe-haven assets.

Global Gold Prices

Gold prices also rose on international platforms. On COMEX, gold futures increased by 1.20% or $48, trading at $4,057.80 per ounce. The gold spot price similarly climbed 1.24% or $49.72, reaching $4,050.98 per ounce.

Global Silver Prices

Silver prices followed suit, with COMEX silver futures rising 1.92% or $0.92 to $49.07 per ounce. The silver spot price also gained 1.67% or $0.81, trading at $49.13 per ounce.

Why the Surge?

The increase in Gold Silver Price comes amid expectations of a US interest rate cut, ongoing geopolitical uncertainties, and concerns about global economic growth. Investors are seeking safe-haven assets, which is driving demand for precious metals.