On the Multi Commodity Exchange, December 2026 gold futures advanced to Rs 1,39,098 per 10 grams, while silver futures surged to Rs 1,81,925 per kg. Global spot gold also recovered slightly to $3,894.89 per ounce after dipping beneath key support levels in the previous trading session. However, hawkish commentary from Federal Reserve officials following accelerated consumer inflation has prompted traders to price in a 75% chance of a December interest rate hike.
Key points
Growing expectations of a December Federal Reserve rate hike continue to limit the upside…: Growing expectations of a December Federal Reserve rate hike continue to limit the upside potential for non-yielding bullion assets.
Analysts advise long-term market participants to accumulate precious metals systematicall…: Analysts advise long-term market participants to accumulate precious metals systematically rather than initiate short positions in oversold market conditions.
Geopolitical developments, currency fluctuations, and upcoming United States midterm elec…: Geopolitical developments, currency fluctuations, and upcoming United States midterm elections are expected to sustain near-term volatility across commodity markets.
Sources checked by our analysis pipeline: 1
In the domestic market, MCX silver futures for December 2026 delivery were up by Rs 2,800 to Rs 1,81,925 per kg. Gold futures for December 2026 delivery rose by Rs 613 to Rs 1,39,098 per 10 grams.
Three Federal Reserve officials on Friday called for further interest rate increases to tackle elevated inflation. Their comments marked the first round of public statements by central bank officials following last week's monetary policy meeting, at which short-term borrowing costs were left unchanged.
US inflation data showed that consumer prices accelerated in September as households paid more for gasoline and other goods. The figures reinforced economists' expectations of a Fed rate hike in December. According to the CME FedWatch Tool, traders are currently pricing in a 75% probability of an interest rate increase in December.
Higher interest rates increase the opportunity cost of holding non-yielding assets such as gold, making the metal less attractive to investors.
Meanwhile, Iranian negotiators were in Doha on Sunday for a third consecutive day of discussions with Qatari mediators, seeking an agreement to end the US-Israeli war on…
Market participants in Tokyo experienced a downturn as selling pressure emerged before the session ended. The benchmark index faced headwinds that dragged overall valuations into negative territory by the final bell. The decline highlights persistent caution among traders navigating the regional equities landscape.
Strong commercial vehicle demand and reliable exports propelled the Kolkata-headquartered manufacturer back into profitability during the September quarter. Strategic diversification into non-ferrous components and railway infrastructure projects is expected to unlock high-margin opportunities across advanced industries. Investors are closely monitoring key technical thresholds that could signal continued upward price momentum.
Market authorities are attempting to reverse massive capital outflows that have depressed domestic equities and weighed heavily on the currency. By pitching tax relief ahead of the February federal budget, regulators aim to lower transaction burdens that currently exceed those of competing jurisdictions. These policy shifts could lift returns and restore competitiveness against emerging market peers.