Gold, silver gain globally on easing inflation fears, trade lower on MCX - Business Standard

AI desk brief

Gold and silver rallied globally as easing inflation fears—helped by expectations that Russian diesel supply could reduce fuel shortages and inflation pressure—pushed Comex gold near $4,230/oz and silver near $61.30/oz. In India, however, MCX prices were softer after a firm open: December gold started ₹97 higher at ₹1,51,596/10g versus a prior close of ₹1,51,499, while MCX gold was later quoted near ₹1,50,850/10g and silver near ₹2,25,300/kg.