GENERAL3 Sept 2026
Gold and silver prices jump 1% on MCX amid a decline in US dollar, bond yields; experts highlight key levels to watch
Gold and silver prices rose up to 1% on MCX this morning. MCX gold October futures traded 0.75% up at ₹1,53,542 per 10 grams, while silver December contracts gained 0.88% to ₹2,38,340 per kg. A softer US dollar and lower bond yields supported the rally. Investors now watch US nonfarm payrolls data due Friday for clues on Fed's next move.
Key Statutory Highlights
- MCX gold October futures were 0.75% up at ₹1,53,542 per 10 grams on Thursday morning.
- MCX silver December contracts rose 0.88% to ₹2,38,340 per kg.
- US dollar and bond yields eased, supporting gold as a safe-haven asset; US nonfarm payrolls data is due Friday.
Actionable Advice for Taxpayers / Founders:If you trade in gold or silver, watch the US payrolls data due Friday for possible price swings, and avoid rushed decisions based on today's move alone.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief passed the displayed source checks. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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