Gold and silver prices saw a slight uptick in early trade on November 11, 2026, following higher-than-expected US inflation data and hawkish comments from Federal Reserve Governor Christopher Waller. The remarks boosted expectations of another interest rate hike in December, with markets now assigning an 84 percent probability to such a move, up from 78 percent a week earlier.
International gold prices rose 0.21 percent to near $4,041 per ounce, while silver climbed 1.31 percent just above $52 over the past 24 hours. US gold futures gained 0.53 percent to $4,051.50 per ounce, and silver futures increased 1.96 percent to $52.23 per ounce.
Domestically, spot gold closed at Rs 1,41,838 per 10 grams on November 10, while silver settled at Rs 1,86,023 per kilogram. MCX gold futures for December 4 delivery held steady at Rs 1,40,650 per 10 grams, and silver futures were at Rs 1,82,387 per kilogram.
The US dollar index remained steady at $102.22 in late trade on Tuesday, as Brent crude slipped below $90 per barrel. Higher interest rates typically reduce the appeal of non-yielding assets like gold, increasing their opportunity cost for investors.