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The Economic Times
The Economic Times
Business
Veer Sharma

Gold prices rise for 2nd day, silver up Rs 3,500/kg on soft dollar ahead of inflation data

Gold silver Inflation United States MCX the Federal Reserve US Federal Reserve Manoj Kumar Jain US Dollar

Gold and silver prices opened higher for a second session in a row on the Multi Commodity Exchange on Tuesday as the US dollar weakened, while investors awaited inflation data that could influence expectations around the Federal Reserve's next policy decision.

In the domestic market, MCX silver futures for September 2026 delivery were up Rs 2,200 to Rs 2,41,180 per kg. Gold futures for October 2026 delivery declined by Rs 822 to Rs 1,53,640 per 10 grams. With today’s gains, gold and silver have risen Rs 900 and Rs 3,500 in two sessions.

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