Gold and silver futures on the Multi Commodity Exchange of India (MCX) climbed on Friday, fueled by expectations of a U.S. Federal Reserve rate cut and strong domestic demand ahead of the wedding season.
MCX December gold contracts rose 0.39% to ₹1,25,999 per 10 grams, while silver December contracts gained 0.85% to ₹1,63,849 per kilogram in early trading.
Analysts said the rally was driven by a softer U.S. dollar, healthy spot-market demand, and a high probability of a Fed rate cut in December. Some profit-booking was also seen, reflecting caution amid global market volatility and currency fluctuations.
With both global cues and domestic buying supporting the market, bullion, particularly gold, remains in focus for investors.
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