Gold-Silver Price Update: If you’re in the habit of checking gold and silver prices every morning, today’s update might bring a smile to your face. Precious metals have once again gained momentum in the Indian market. Weak US economic data, a weakening dollar, and expectations of a potential interest rate cut by the Federal Reserve have injected new life into both gold and silver. Significant volatility is expected in the market this week, and investors will be closely watching the MCX (Multi Commodity Exchange).
Gold Nears All-Time High Again
The price of 24-karat gold in India has once again reached levels very close to its historical highs. Currently, the price of 10 grams of gold is hovering around ₹1,30,150, which is considered very close to its all-time high. Market movements this week will be entirely dependent on the US Federal Reserve’s policy decisions. The trading sentiment between December 8th and December 12th will largely be determined by the Fed’s decisions.
| Commodity | Current Price (India) | Potential Price This Week | Key Factors Driving Price | Market Platform |
|---|---|---|---|---|
| Gold (24K, 10 gm) | ₹1,30,150 | ₹1,33,500 | Weak US jobs data, Fed rate cut expectations, Dollar weakness | MCX |
| Silver (1 kg) | ₹1,83,631 | ₹1,90,000 | Tight supply, ETF inflows, strong industrial demand | MCX |
| Gold Feb 2026 Expiry (MCX) | ₹1,30,419 | ₹1,33,500 | Fed rate cut anticipation, global uncertainty | MCX |
| Silver ETF | N/A | N/A | 200 tons inflow in one day, high investor demand | MCX / ETF market |
| Dollar Index | Weakening | N/A | Supports higher precious metal prices | Global forex markets |
| US Employment Data | ADP -32,000 jobs | N/A | Indicates slower US job growth, pushes Fed rate cut expectations | US economy reports |
Fed Rate Cut Expectations Boost Market
Investors worldwide are currently seeking the answer to just one question: will the Fed cut interest rates this time? The market expects the Fed to cut rates by 25 basis points. This possibility has strengthened both gold and silver. Whenever expectations of interest rate cuts rise, investors turn to gold as a safe-haven investment, and this is why gold’s luster has intensified once again.
Weak US Data Increases Confidence
Recent employment figures from the US are also creating a favorable environment for gold. The ADP data showed a decline of 32,000 jobs, following a loss of 71,000 jobs in November. These figures clearly indicate that the US economy is under pressure. Therefore, the market is confident that the Fed will have to cut interest rates sooner or later, and this confidence is pushing gold prices upwards. How High Can Gold Go This Week?
Experts believe that if the current trend continues, gold on the MCX could reach ₹1,33,500 per 10 grams this week. Last week, MCX gold with a February 2026 expiry closed at around ₹1,30,419. Although there was a slight dip, the market sentiment has completely changed after weak US economic data, and investors are now quite bullish on gold.
Silver Also Shows Strong Gains
This time, it’s not just gold, but silver too that has shone brightly in the market. The price of 1 kg of silver is around ₹1,90,000, while on the MCX it has reached ₹1,83,631. According to analysts, the supply of silver is gradually becoming tighter, and industrial demand is also playing a major role. This is why silver’s momentum has been even faster than gold’s in the past few sessions.
Increased Enthusiasm Due to Massive ETF Inflows
The biggest evidence of the increasing demand for silver is the massive inflow into ETFs. Around 200 tons of silver were added to silver ETFs in just one day. This shows that large investors are also quite positive about silver at this time. When institutional investors invest in an asset, its impact on prices is seen for a long time, and this is why silver prices may rise further in the coming days.
Impact of Dollar Weakness and Global Uncertainty
The weakness of the dollar is also proving to be a boon for both gold and silver. When the dollar weakens, precious metals appear cheaper in the international market, which increases their demand. In addition, increasing economic and political uncertainty around the world has also driven investors towards safe-haven investments. In such situations, gold and silver always emerge as the most reliable options.
Is This Week Right for Buyers?
If you are planning to buy gold or silver, this week is going to be full of fluctuations for you. The market may experience periods of sharp rises followed by slight declines. Making decisions based on emotions in such a volatile environment can be detrimental. The market will continue to be directly impacted by the Federal Reserve’s policies, US economic data, and the movement of the dollar, so it is advisable to proceed with caution and make informed decisions.
FAQs
Q1. What is the current price of gold in India?
As of now, 10 grams of 24K gold is trading around ₹1,30,150 in India.
Q2. How high can gold go this week?
Experts predict gold could reach ₹1,33,500 per 10 grams on MCX this week.
Q3. Why are gold prices rising?
Weak US employment data, Fed rate cut expectations, and a weaker dollar are driving gold prices higher.
Q4. What is the current price of silver in India?
1 kilogram of silver is trading near ₹1,83,631 on MCX.
Q5. Why is silver demand increasing?
Tight supply, high industrial demand, and strong ETF inflows are boosting silver prices.
Disclaimer: This article is for general informational purposes only. The information provided herein does not constitute investment advice. Investing in commodities such as gold and silver is subject to market risks. Always consult your financial advisor before making any investment decisions.
