Gold and Silver Extend Rally on Firm Global Cues; Fed Rate Cut Hopes Support Sentiment
By Shishta Dutta | Published at: Nov 7, 2025 03:27 PM IST
New Delhi, November 7: The prices of gold and silver continued to increase today, on November 7. Gold and silver prices increased for the third straight session. The price increase is being driven by supporting global signals and investor hopes that the US Federal Reserve will reduce the benchmark interest rate further.
Gold Prices Rise for Third Consecutive Session
On the MCX, gold futures with December 2025 expiry were up 0.56%, or ₹681, and were trading at ₹1,21,294 per 10 grams, as of 2:40 PM. Until now, they have traded within a range of ₹1,21,310 and ₹1,20,658. The average price per unit was ₹1,21,041.07, and the volume in lots was 2,693.
Silver Prices Also Rise
On the MCX, silver futures with December 2025 expiry were up 1.34%, or ₹1,975, and were trading at ₹1,49,044 per kilogram, as of 2:40 PM. Until now, they have traded within a range of ₹1,49,219 and ₹1,47,303. The average price per unit was ₹1,48,524.11, and the volume in lots was 5,023.
Global Market Signals
Internationally, Comex gold futures jumped USD 13.02 (0.33%) to USD 4,004.02 per ounce. Silver increased 0.65% to USD 48.26 per ounce.
Investor Takeaway for Gold and Silver
Gold and silver prices are rising both in India and globally, reflecting strong investor confidence and increased buying. The upward trend may continue in the short term, particularly if the Federal Reserve signals a potential interest rate cut.
REF:https://www.mcxindia.com/en/market-data/get-quote/FUTCOM/GOLD/
https://www.mcxindia.com/en/market-data/get-quote/FUTCOM/SILVER/
Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations
