Prices of gold and silver experienced a rebound in futures trading on Wednesday after declining for three consecutive sessions, driven by value buying as traders awaited the release of the Federal Reserve’s meeting minutes.
On the Multi Commodity Exchange (MCX), gold futures for December delivery rose by ₹674, or 0.55 percent, reaching ₹1,23,314 per 10 grams with a trading volume of 10,726 lots. The February 2026 contract also saw an increase, appreciating by ₹498, or 0.4 percent, to ₹1,24,750 per 10 grams in 6,336 lots.
Silver futures mirrored gold’s upward trajectory. On the MCX, the white metal for December delivery surged by ₹988, or 0.64 percent, to ₹1,55,632 per kilogram with a business turnover of 12,524 lots. The March 2026 contract rose as well, jumping by ₹1,270, or 0.81 percent, to ₹1,58,737 per kilogram in 11,869 lots.
In international markets, Comex gold futures for December delivery increased by $23.44, or 0.58 percent, closing at $4,089.94 per ounce, ending a four-day losing streak. “Gold price was trading around $4,080 per ounce, as investors remained cautious ahead of major economic releases,” stated Jigar Trivedi, Senior Research Analyst at Reliance Securities.
Trivedi emphasized that significant upcoming events include the Federal Open Market Committee (FOMC) meeting minutes due later in the day, as well as Thursday’s jobs report, both of which are anticipated to clarify the interest rate outlook.
In related news, U.S. agencies have begun to release economic data that was delayed due to the government shutdown. Recently, Americans claiming unemployment benefits reached a two-month high in mid-October, while continued claims rose to 1.9 million for the week ending October 18.
“The uptick in figures has marginally raised hopes for a December rate cut, though investors are concerned that forthcoming data may limit the Federal Reserve’s ability to ease further amid some policymakers’ skepticism,” Trivedi noted. He added that worries regarding elevated technology valuations have dampened risk sentiment, which may enhance gold’s appeal as a safe haven amidst the ongoing equity market sell-off.
In the overseas markets, Comex silver futures for December delivery were trading 1.36 percent higher at $51.20 per ounce.
Published on November 19, 2025.
