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The Economic Times
The Economic Times
Veer Sharma

Gold prices rise Rs 6,600/10g in 3 days; silver jumps Rs 16,200/kg ahead of US inflation data. Big rally brewing?

Gold silver United States Inflation MCX US Federal Reserve Manoj Kumar Jain Hormuz the Strait of Hormuz

Gold and silver prices opened sharply higher on the MCX on Tuesday, as investors awaited US inflation data for fresh signals on the Federal Reserve's interest-rate path. The latest rally comes despite Middle East war worries as Hormuz reopening hopes remain dim.

In the domestic market, MCX silver futures for September 2026 delivery were up Rs 5,132 at Rs 2,41,999 per kg. Gold futures for October 2026 delivery rose by Rs 2,338 to Rs 1,55,437 per 10 grams. In the last three days, the white metal has gained over Rs 16,000 or more than 7%, while gold has risen by Rs 6,600 or more than 4%.

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