Gold Rates & Silver Rates Today Live: MCX Gold Reclaims Rs 1.56 Lakh, Silver Rises; 24K, 22K, 18K Gold

Gold rates and silver rates at MCX are trading cautiously following the trend in international prices, as FOMC minutes hinted at a more hawkish stance in the upcoming monetary policies.

In the early trade, MCX gold reclaimed above Rs 1.56 lakh per 10 grams mark, while MCX silver is performing around Rs 2.44 lakh to Rs 2.46 lakh per 1Kg. Both the precious metals are marginally higher.

Meanwhile, spot gold slipped to struggle around $4,960 per ounce.

As per Trading Economics, the January meeting notes showed Federal Reserve officials were split, with some favoring a pause in further rate cuts for now, while easing could resume later in the year if inflation improves. Others raised the possibility of rate hikes and pushed for a post-meeting statement reflecting a two-sided outlook on future rates. As a result, traders pared expectations for multiple cuts.

Further, focus is now shifted towards key GDP and PCE data due later this week. Short-term demand for precious metals also eased with China's Lunar New Year, as liquidity thinned while investors remained largely absent. Meanwhile, geopolitical risks around Iran resurfaced, with reports suggesting any US military action could unfold as a weeks-long campaign after inconclusive talks.

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