Gold Surges 2%, Silver Over 4% on MCX Amid Geopolitical Tensions & Rate Cut Hopes

Commodity
M
Moneycontrol•12-01-2026, 11:38
Gold Surges 2%, Silver Over 4% on MCX Amid Geopolitical Tensions & Rate Cut Hopes
- •MCX Gold February futures rose over 1.70% to 141,174 rupees per 10 grams.
- •MCX Silver March futures surged over 4% to 263,401 rupees per kilogram.
- •International gold prices crossed $4,600 per troy ounce for the first time.
- •Rally driven by geopolitical uncertainties, weakening dollar, and US Fed interest rate cut expectations.
- •Expert Ravi Diyorah recommends buying MCX Gold February and MCX Natural Gas January contracts.
Why It Matters: Gold and silver prices soared on MCX due to global uncertainties and anticipated US Fed rate cuts.
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