Bullion prices rise in futures trade

Gold prices climbed by Rs 328 to Rs 1,24,241 per 10 grams in futures trade mirroring gains in global markets amid renewed optimism that the US Federal Reserve may lower interest rates next month. Analysts said that the expectations of a resolution to the prolonged US government shutdown also supported the safe haven asset.

Gold futures for December delivery jumped Rs 328, or 0.26 per cent, to Rs 1,24,241 per 10 grams in a business turnover of 12,868 lots. Similarly, the February 2026 contract also edged higher by Rs 171, or 0.14 per cent, to Rs 1,25,748 per 10 grams in 4,027 lots.

Silver followed suit, with December futures surging Rs 2,198, or 1.42 per cent, to Rs 1,56,885 per kilogram in 15,262 lots.

The March 2026 contract climbed Rs 2,034, or 1.29 per cent, to Rs 1,59,389 per kg in 9,031 lots. “Gold and silver continue to strengthen, as risk sentiment is supported by the possible end to the longest government shutdown in US history.