MCX Gold Price Steadies Around Rs 1,55,000 Amid Interest Rate Hike Fears Easing

Gold prices on the Multi Commodity Exchange (MCX) have stabilized around Rs 1,55,000 as of September 4, 2026. This comes after US officials hinted at a potential pause in interest rate hikes, which has boosted gold prices.

The current price stability is largely driven by sentiment in global markets, particularly following dovish comments from Federal Reserve Governor Christopher Waller. These comments have cooled expectations for an immediate interest rate hike in the United States.

Gold prices often move in opposition to interest rate expectations. When officials hint at pausing or slowing rate hikes, it tends to support gold prices because higher interest rates typically make non-yielding assets like gold less attractive compared to bonds or savings.

The commodity market remains cautious ahead of fresh economic data, including inflation numbers and payroll reports, which will likely influence the outlook on gold prices.