Gold Rates & Silver Rates Today Live: MCX Silver Ends 3.3% Up, Gold Near Rs 1.53 Lakh Mark; 24K, 22K, 18K Gold

Gold rates and silver rates in India opened in green, as both spot gold and spot silver rebounded from their two consecutive days of losses. MCX gold and silver closed on a positive note. MCX gold was shy of Rs 1.53 lakh mark and MCX silver ended near Rs 2.37 lakh.

This is because of dip buying as investors assess US Federal Reserve's upcoming policy outcomes. Federal Reserve Governor Michael Barr has signaled to pause on rates for some time until CPI inflation cool off to their 2% objective. On the other hand, Chicago Fed President Austan Goolsbee hinted at additional rate cuts later in 2026.

Spot Gold Price surged nearly 1% and traded around $4,937 per ounce. While Spot Silver Price gained by 1.5% and held above $74.4 per ounce. MCX gold and silver price could follow the trend.

Investors are now watching further Fed remarks, FOMC minutes, and key GDP and PCE data due later this week for more guidance. Meanwhile, short-term demand for precious metals eased as China's Lunar New Year holiday began, with lower liquidity expected while Chinese investors are off for most of the week. Geopolitical developments also weighed on the safe-haven metal, as reports highlighted progress in US-Iran talks and ongoing negotiations between Russia and Ukraine, as per Trading Economics.

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