Federal Reserve rate cuts boost gold and silver prices
market hours1 source ↓written by the desknot a recommendation
- per 10 grams
- 0.60% to ₹1,30,575
- per kg
- 2.42% to ₹1,93,300
Gold and silver prices surged on 11 Dec 2023 following the third consecutive interest rate cut by the US Federal Reserve. MCX gold February futures rose 0.60% to ₹1,30,575 per 10 grams, while MCX silver March contracts jumped 2.42% to ₹1,93,300 per kg. Investors are now monitoring the Fed's policy implications for bullion trends ahead.
Not investment advice. For informational purposes only.