25
Nov
Gold prices surged over 1% in early MCX trades on Tuesday (November 25), supported by expectations of a US Federal Reserve rate cut in December and strong domestic demand during the wedding season. Around 9:15 am, MCX Gold December futures were up 1% at ₹1,25,106 per 10 grams, while MCX Silver December futures rose 1.34% to ₹1,56,551 per kg. Globally, gold gained nearly 2% in the previous session as hopes for lower US interest rates boosted appetite for safe-haven assets. Reuters cited New York Fed President John Williams, who indicated that a rate cut may come soon, arguing it would…
