Gold and Silver Prices Soar Amid US Shutdown and Federal Reserve Rate Cut Speculations
Gold and silver prices have reached new highs as investors flock to these safe-haven assets amid the ongoing US government shutdown and anticipated Federal Reserve rate cuts. The demand for gold and silver remains strong, with global market dynamics affecting prices significantly.
- Country:
- India
Gold prices surged to a new record in domestic futures trade, driven by heightened safe-haven buying amid the prolonged US government shutdown. These developments, coupled with increasing speculations about further Federal Reserve rate cuts, have pushed gold futures for December delivery to Rs 1,19,560 per 10 grams.
The February 2026 contracts also reflected this upward trend, reaching Rs 1,20,845 for 10 grams. Despite mixed physical demand in China, Asian markets continued steady purchases, expecting future price increases. Investor interest is further evidenced by increased holdings in the SPDR Gold Shares fund.
Silver futures too saw significant movement, hitting fresh peaks both domestically and on the global market. The silver December delivery rose to Rs 1,47,700 per kilogram while the March 2026 contracts reached Rs 1,49,321 per kg, buoyed by the US budget impasse and expectations of Federal Reserve policy shifts.
(With inputs from agencies.)
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