Gold, silver futures climb on firm demand

Gold prices climbed to Rs 1,30,829 per 10 grams while silver futures advanced by Rs 1,82,426 per kilogram following firm global trends, as investors are awaiting key US inflation data that could offer fresh signals on the Federal Reserve’s interest rate outlook.

Gold futures for February delivery appreciated by Rs 751, or 0.58 per cent, to Rs 1,30,829 per 10 grams in a business turnover of 13,154 lots. The yellow metal had settled at Rs 1,30,078 per 10 grams on Thursday. Silver futures for the March 2026 contract surged by Rs 4,288, or 2.41 per cent, to Rs 1,82,426 per kilogram in 14,384 lots. It had closed at Rs 1,78,138 per kilogram in the previous market session.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.13 per cent lower at 98.87, lending support to bullion prices in the international markets. Globally, Comex gold futures for February delivery gained by $17.45, or 0.41 per cent, to $4,260.45 per ounce, while silver for the March 2026 contract was trading 2.25 per cent higher at $58.78 per ounce.

“Gold is trading above $4,205 as investors are awaiting US inflation data for clearer signals on the Federal Reserve’s December policy stance next week,” brokerage firm Kotak Securities said in a market note.