Gold prices saw a significant rise on Monday, October 12, 2026, surpassing the $4,200 mark in early trading. US gold futures climbed 0.42 percent to $4,234 per ounce, driven by falling oil prices. Meanwhile, domestic spot gold closed at Rs 1,48,909 per 10 grams on Friday, October 9, while silver was priced at Rs 2,21,191 per kilogram. On the MCX, gold futures for December 4 delivery surged 1.21 percent to Rs 1,51,503 per 10 grams, with silver holding steady at Rs 2,25,820 per kilogram.
The market is now closely watching the upcoming US Consumer Price Index (CPI) data, which is expected to heavily influence expectations regarding the Federal Reserve's interest rate policy. This data release could provide critical insights into the Fed's future monetary decisions, impacting investor sentiment in precious metals.
The price of gold varies across different cities, with detailed rates available for 24K, 22K, and 18K gold, as well as silver of 999 purity. Investors are advised to consult certified experts before making any investment decisions, as market conditions can be volatile and influenced by various economic factors.