Gold rises ₹607 as rate-hold expectations strengthen; silver jumps ₹2,828 - Business Standard

AI desk brief

Gold and silver opened sharply higher as softer US inflation data reinforced expectations the Fed will hold rates at its October meeting, supporting the rate-sensitive metals complex. On the MCX, December gold opened ₹607 higher at ₹1,49,643/10g versus a ₹1,49,036 prior close and was still up ₹398 at ₹1,49,434 at the time of writing; silver futures also jumped ₹2,828. In global trade, Comex gold was near $4,200/oz and silver near $61.40/oz.