New Delhi, October 19, 2026 (Yes Punjab News)
Gold and silver futures traded higher on the Multi Commodity Exchange (MCX) on Monday, supported by firm global cues and easing concerns over a possible US Federal Reserve rate hike.
MCX gold futures for December delivery rose Rs 461, or 0.31 per cent, to Rs 1,48,379 per 10 grams against the previous close of Rs 1,47,918. The contract touched an intraday high of Rs 1,48,499, gaining Rs 581, or 0.4 per cent, while its low stood at Rs 1,48,120.
Silver futures for December delivery climbed Rs 826, or 0.39 per cent, to Rs 2,12,013 per kg from the previous close of Rs 2,11,187. The contract reached an intraday high of Rs 2,12,750, up Rs 1,563, or 0.74 per cent, and touched a low of Rs 2,11,634.
Gold and silver contracts had opened at Rs 1,48,397 per 10 grams and Rs 2,12,319 per kg, respectively.
Commodity market experts said comments by US Federal Reserve Chair Kevin Warsh in Bangkok during Friday’s session eased immediate concerns about an October rate hike, bringing its implied probability below 20 per cent.
However, hotter inflation readings, including the sharpest monthly rise in producer prices in four and a half years, have kept the possibility of a December rate move in focus. The Federal Open Market Committee’s October 27-28 meeting is expected to be the next key event for markets.
Internationally, COMEX gold moved from around $4,185 towards $4,200 an ounce, gaining 0.50 per cent, while COMEX silver advanced from near $57.15 to around $57.80 an ounce, rising 0.89 per cent and outperforming gold.
For MCX gold, immediate resistance is seen at Rs 1,48,600, followed by Rs 1,50,000-Rs 1,50,700. Support levels are placed at Rs 1,48,000, Rs 1,45,300-Rs 1,46,000 and Rs 1,43,000-Rs 1,43,700.
For MCX silver, resistance is seen at Rs 2,14,000-Rs 2,15,000, followed by Rs 2,19,000-Rs 2,20,000. Support lies at Rs 2,07,000-Rs 2,08,000, with the next support zone at Rs 2,00,000-Rs 2,02,000.
Experts added that a firmer rupee was limiting the benefit of the recovery in international prices for domestic bullion traders.
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