Gold, silver prices rise as traders pare bets on October Fed rate hike - Business Standard

AI desk brief

Gold and silver rose as traders pared bets on an October Fed rate hike after dovish comments from Fed Chair Kevin Warsh, while lower crude oil prices also supported bullion. Comex gold was near $4,200/oz and Comex silver near $57.60/oz.

On MCX, the benchmark December gold contract opened ₹479 higher at ₹1,48,397/10g versus the previous close of ₹1,47,918, and was later trading up ₹382 at ₹1,48,300/10g. Silver futures were quoted near ₹2,12,350/kg.