Precious metal futures strengthened on the Multi Commodity Exchange as market participants positioned themselves ahead of the festive Diwali season. The rally unfolded while investors closely assessed upcoming monetary policy decisions from the U.S. Federal Reserve. Specifically, silver jumped by Rs 2,800 to reach Rs 1,81,925 per kg, while gold advanced Rs 613 to trade at Rs 1,39,098 per 10 grams. This upward movement persisted despite ongoing concerns about persistent U.S. inflation and potential interest rate hikes.
11:55:50 AM IST, 02 Nov 2026
Gold Rate Today Live: Gold, silver prices rise on MCX ahead of Diwali as investors track Fed rate outlook
Gold and silver futures opened higher on MCX ahead of Diwali, recovering despite concerns over persistent US inflation and expectations of a possible Federal Reserve rate hike in December. Silver gained Rs 2,800 to Rs 1,81,925 per kg, while gold rose Rs 613 to Rs 1,39,098 per 10 grams.
The FTSE 100 experienced declines today as falling crude oil prices weighed heavily on the market. The downward movement in oil prices directly dragged down major oil companies, contributing to the broader index's losses.
Appointed liquidators are struggling to offload high-end assets confiscated by the Commercial Affairs Department as buyer turnout remains exceptionally low. Prospective bidders are hunting for steep bargains, but realistic guide prices and a hefty 60 percent additional stamp duty on foreigners continue to stall transactions. This mismatch leaves the majority of prime district listings unsold across consecutive liquidation attempts.
Alstom shares experienced a sharp decline today, falling by 27%. The specific reasons behind the steep drop in the company's stock were not immediately detailed.