# Gold and Silver Futures Rally on Multi Commodity Exchange of India

- URL: https://stocks.freetheai.org/news/gold-and-silver-futures-rally-on-multi-commodity-exchange-of-india-59b422
- Published: 2026-10-09T08:42:22Z
- Category: commodities; sentiment: bullish; impact: medium
- Symbols: [NSE:MCX](https://stocks.freetheai.org/symbols/NSE-MCX)
- Written by our AI from expert market sources across the web for FreeTheAI Stocks, built by Vibhek Soni
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Gold and silver futures rose on the Multi Commodity Exchange of India Limited (NSE:MCX) on Friday, tracking a recovery in international precious metals. Silver futures for December delivery outperformed gold, rising Rs 3,431, or 1.55%, to Rs 2,24,664 per kilogram. Meanwhile, gold futures for December 4 delivery climbed Rs 1,689, or 1.13%, to trade at Rs 1,51,299 per 10 grams.

The domestic rally was supported by a decline in both the US dollar and US Treasury yields. A weaker greenback makes dollar-denominated bullion more affordable for international buyers, while falling 10-year US Treasury yields reduce the opportunity cost of holding non-interest-bearing assets. Additionally, global oil prices eased after US President Donald Trump stated that there would be no further strikes on Iran until the US midterm elections in November, which could help cool inflationary pressures.

Going forward, the outlook for precious metals remains highly sensitive to upcoming inflation data and the US Federal Reserve's monetary policy. If expectations persist that interest rates will remain elevated, the upside for bullion could be capped as interest-bearing assets become relatively more attractive to investors.

## Key points

- Silver futures for December delivery rose 1.55% to Rs 2,24,664 per kilogram on the Multi Commodity Exchange of India.
- Gold futures for December 4 delivery increased 1.13% to Rs 1,51,299 per 10 grams.
- Falling US 10-year Treasury yields and a weaker dollar supported the international recovery in precious metals.
- Oil prices eased after US President Donald Trump ruled out further attacks on Iran before the November midterm elections.
- The future direction of bullion remains sensitive to inflation data and the US Federal Reserve's interest rate policy.

## Questions and answers

### Why did gold and silver futures rise on the Multi Commodity Exchange of India?

Precious metals rose due to a weaker US dollar and falling US Treasury yields, which make gold more affordable for international buyers and lower the opportunity cost of holding non-yielding assets.

### How did silver perform compared to gold?

Silver futures outperformed gold, gaining 1.55% to settle at Rs 2,24,664 per kilogram, while gold futures rose 1.13% to Rs 1,51,299 per 10 grams.

### What global events affected the broader market?

Oil prices eased after US President Donald Trump stated there would be no further attacks on Iran until the US midterm elections in November, potentially tempering inflation pressures.