Gold Rate Today: MCX Gold Rises to ₹1.21 Lakh; Silver Up 0.50%

New Delhi, October 31: The prices of gold and silver are trading higher today as a direct result of US Federal Reserve cutting the benchmark interest rate by 25 basis points to 3.75%-4%. Gold and silver prices saw some pressure in the morning trade, but as of 1:15 PM, are trading in the green on the Multi Commodity Exchange of India (MCX).

MCX Gold Price Update

As of 1:15 PM, Gold (MCX December 5, 2025 contract) is up by 0.28%, or 340 points, and is trading at ₹1,21,848 per 10 grams. Until now, it has traded between ₹1,22,039 and ₹1,20,880. The volume in lots stands at 3,738, with average price per unit at ₹1,21,468.09.

MCX Silver Update

As of 1:15 PM, Silver (MCX December 5, 2025 contract) is up by 0.50%, or 739 points, and is trading at ₹1,49,579 per kilogram. Until now, it has traded between ₹1,49,794 and ₹1,47,942. The volume in lots stands at 4,793, with average price per unit at ₹1,48,810.02.

Gold and Silver Global Market Overview

Globally, spot gold fell by 0.5% to USD 4,004 per ounce, while US gold futures (December) were trading at USD 4,016.70 per ounce.

What’s Driving Gold and Silver Prices on MCX?

Gold and silver prices on MCX are up marginally today after the US Federal Reserve cut its benchmark interest rate by 25 basis points to 3.75%-4%. The rate cut has resulted in lowering the US bond yields, making gold and silver more attractive to investors. However, the US dollar was seen trading higher today, which is limiting the gold and silver prices to rise. Domestically, MCX gold is trading around ₹1.21 lakh per 10 grams and silver near ₹1.49 lakh per kg, showcasing the investors are still cautious amid global market volatility.

REF:https://www.mcxindia.com/en/market-data/get-quote/FUTCOM/SILVER/

https://www.mcxindia.com/en/market-data/get-quote/FUTCOM/GOLD/

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