Gold, silver futures up

New Delhi: Gold and silver futures went up on Monday, driven by positive global cues and the possibility of the US Fed lowering interest rates next month.

At around 10 am. on the Multi Commodity Exchange (MCX), the price of the December 5, 2025, contract for gold rose 1.16 per cent to Rs1,22,468 per 10 grams, and the price of the December 5, 2025 contract for silver rose 1.99 per cent to Rs1,50,666 per kg.

Gold prices fell after reaching a record high in October. However, the fresh momentum in the yellow metal is being driven by growing concerns about the health of the US economy and the possibility of an interest rate cut next month.

According to Rahul Kalantri, Vice-President (commodities) at Mehta Equities, prices were highly volatile throughout the week but managed to recover from lower levels after weak US consumer sentiment figures and uncertainty over when the US government shutdown will end.

The shutdown has entered a record duration, increasing concerns about the broader U.S. economic outlook, prompting renewed safe-haven demand, he mentioned.

Gold and silver also saw gains in the international markets. Gold was up 1.32 per cent at $4,062 per ounce on Comex, and silver up 2.32 percent at $49.26 per ounce.