Archive · 13 Nov 2025
Gold Prices Jump on MCX Amid Weakening US Dollar and End of Government Shutdown
Imagine the United States government was closed for a long time, like a big office taking a break.
This break stopped important economic reports from coming out.
But now, the government office is open again!
Because the shutdown is over, the US dollar (which is like the US money people use around the world) has become a bit less strong.
When the US dollar gets weaker, things like gold and silver often become more valuable, so their prices went up a lot.
Gold even jumped about ₹9,000 from its lowest price recently!
Some people think that new economic reports, when they start coming out, might show that the US central bank might make it cheaper to borrow money later this year, which is usually good for gold.
Experts are watching the prices closely, with some saying it's a good time to buy gold now because the trend looks good, while others suggest being a little careful because prices can sometimes go down quickly.
Geopolitical problems in other parts of the world also make people want to buy gold as a safe place to keep their money.
Gold prices on MCX have surged nearly ₹9,000 from a recent low recorded on October 28.
The US government shutdown has ended after 43 days, following the passage of a temporary funding bill signed by President Trump.
Gold and silver prices rallied significantly following the end of the shutdown and a weakening US dollar.
Market participants anticipate that the resumption of US economic data could reinforce expectations for a Federal Reserve rate cut in December.
Analysts suggest the near-term technical outlook for gold and silver is bullish, but recommend caution due to past volatility and the need to watch key support and resistance levels.
- Who
- US lawmakers, US President Donald Trump, market participants, traders, Rahul Kalantri (VP Commodities, Mehta Equities Ltd), Emkay Wealth Management
- What
- Gold and silver prices have risen sharply in the domestic futures market, with gold gaining nearly ₹9,000 from its recent low. This rally follows the end of a 43-day US government shutdown and a weakening US dollar.
- When
- Thursday morning (reporting date); Government shutdown ended Wednesday night (local time); October 28 (recent low for gold); Diwali 2025 (previous high for gold).
- Where
- Domestic futures market (MCX), US
- Why
- The rise in gold and silver prices is attributed to the end of the US government shutdown, a weaker US dollar, and ongoing geopolitical issues. Expectations of a potential Federal Reserve rate cut in December also provide momentum.
Arguments for Buying Gold
Arguments for Waiting/Caution
Technical Postures and Market Sentiment
Arguments for Buying Gold
The near-term technical postures for gold and silver have turned more bullish, inviting chart-based speculators to play the long sides of both markets.
Arguments for Waiting/Caution
While gold has seen a significant rally, a slight appreciation in the US Dollar in the last month caused a slide from peak levels, suggesting potential volatility.
Factors Influencing Gold Prices
Arguments for Buying Gold
The ongoing strength in precious metals is supported by the end of the US government shutdown and a weakening US dollar. Geopolitical issues in Eastern Europe and the Middle East also contribute to a move into gold.
Arguments for Waiting/Caution
There's a need to watch key technical levels for gold and silver, indicating that careful observation is necessary before making trading decisions.
- Gold MCX December Contract (Nov 13, 9:35 am)
- Up 0.37% to ₹1,26,935 per 10 grams
- Silver MCX December Futures (Nov 13, 9:35 am)
- Up 1.70% to ₹1,64,854 per kg
- Gold Price Low (Oct 28)
- ₹1,17,628 per 10 grams
- Gold Price High (Diwali 2025)
- Over ₹1.30 lakh per 10 grams
- Gold Price Drop (Oct 22)
- ₹7,210 (5.6%) to ₹1,21,061
- US Government Shutdown Duration
- 43 days
- US Dollar Weakening (Last Year)
- 8%
Sources
Asian markets open on a subdued note as US stock futures edge lower
Gold holds gains as traders contend with data void on US economy
Gold Rate Today (November 13, 2025): 24K Gold Slips Slightly - Check Prices Across Delhi, Mumbai, Chennai & Other Major Cities
October CPI and jobs reports may never be released, Leavitt blames Democrats for ‘permanent damage’
Gold price today: Rates rise on MCX on dollar's weakness; experts highlight key levels to watch