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As on : 16-Jan-2025
Other Markets - Bullion Markets
16-Jan-2025     15:10

Gold jumps to $2730, silver nears ₹94,000 on rate cut bets

Gold prices surged to $2730 an ounce on Thursday, hitting a one-month high as the US dollar weakened for the third straight session. Silver also rose toward $32 per ounce, supported by softer US inflation, which boosted expectations of further rate cuts by the Federal Reserve. This could stimulate demand for commodities by boosting economic growth and weakening the dollar. On MCX, gold futures climbed ₹289 to ₹78,999 per 10 grams, while March silver futures rose ₹727, approaching ₹94,000.

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