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The Economic Times
The Economic Times
Veer Sharma

Gold price at Rs 1.47 lakh/10g; silver gains Rs 5,000/kg as US jobs data cools inflation worries. What are experts saying?

Gold silver MCX United States Inflation Manoj Kumar Jain

Gold and silver opened higher on MCX on Friday as weaker-than-expected U.S. labour market data prompted investors to scale back expectations of further interest rate hikes by the Federal Reserve.

In the domestic market, MCX silver futures for September 2026 delivery were up Rs 4,912 (2%) to Rs 2,38,216 per kg. Gold futures for August 2026 delivery rose by Rs 2,219, to Rs 1,47,977 per 10 grams. In the previous session, the two ended marginally lower.

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