Mumbai, September 18 (Daily Kiran) : Gold and silver prices saw a notable increase on Friday in Mumbai, with both precious metals rising by approximately half a percent during early trading. The October 5, 2026, gold contract on the Multi Commodity Exchange (MCX) opened at ₹1,52,250 per 10 grams, compared to the previous closing of ₹1,52,981 per 10 grams.
By 10:30 AM, gold had climbed to ₹1,53,198 per 10 grams, marking an increase of ₹217 or 0.14%. Throughout the trading session, gold prices fluctuated, hitting a low of ₹1,52,171 and a high of ₹1,53,495. This trend indicates a bullish sentiment in the gold market.
Silver also experienced a rise. The December 5, 2026, silver contract opened at ₹2,38,478 per kilogram, up from the previous closing of ₹2,38,205 per kilogram. Currently, silver is trading at ₹2,39,762 per kilogram, reflecting an increase of ₹1,557 or 0.65%. During the trading day, silver prices reached a low of ₹2,38,478 and a high of ₹2,39,954 per kilogram.
Internationally, gold and silver prices are on the rise as well. On Comex, gold is up by 0.16% at $4,406 per ounce, while silver has strengthened by 1.02% to $66 per ounce. Market experts noted that the Federal Reserve’s expected 25 basis point interest rate hike, coupled with a stronger dollar and recent declines in the equity market, is influencing the bullion market. Looking ahead, the response of the U.S. markets to the Fed’s decisions and rising bond prices will remain critical factors for gold. In the Indian market, gold prices are anticipated to range between ₹1,49,000 and ₹1,53,500 per 10 grams.
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