Archive · 18 Dec 2025
Gold and Silver Surge on Fed Rate Cut Hopes
Gold and silver prices went up a lot on December 16-17, 2024, because people think the US Federal Reserve might cut interest rates soon.
This happened after a report showed that the US added more jobs than expected in November, but the unemployment rate also went up.
When the US dollar is weak, people often buy gold and silver as safe investments.
Silver prices also went up a lot, even higher than the price of crude oil for the first time in 40 years.
Experts say silver prices could keep going up because it's used in many new technologies like solar energy and electric cars.
Meanwhile, the stock market had a mixed day, with the Dow Jones falling over 300 points, but the Nasdaq recovered slightly thanks to Tesla's record high.
Gold prices on MCX rose ₹1,150 per 10g due to safe-haven demand and expectations of a Fed rate cut.
US added 64,000 jobs in November, exceeding forecasts, but unemployment rose to 4.6%.
Gold futures reached an intraday high of ₹1,35,496 per 10g, with spot gold at $4,337 per ounce.
Silver prices surged nearly ₹1,485 per kg, with a 130% gain in 2024, nearly double gold's gain, and hit a record high of ₹2,06,111 per kg on MCX.
US dollar index hovered near two-month lows, prompting investors to seek safe-haven assets.
- Who
- Investors and market analysts
- What
- Gold and silver prices surged due to expectations of a Federal Reserve rate cut and strong industrial demand
- When
- December 16-17, 2024
- Where
- MCX (Multi Commodity Exchange) in India and COMEX globally
- Why
- Safe-haven demand increased following US labor market data and expectations of a Fed rate cut, along with strong industrial demand for silver
Bullish View
Bearish View
Future Price Movements
Bullish View
Analysts predict silver prices could extend toward $68–$70 due to strong industrial demand and tight supply.
Bearish View
Some analysts expect near-term volatility and potential profit booking, which could lead to temporary price corrections.
- Gold Price Increase
- ₹1,150 per 10g on MCX
- US Jobs Data
- 64,000 jobs added in November
- Unemployment Rate
- 4.6% (highest since September 2021)
- Gold Futures High
- ₹1,35,496 per 10g
- Silver Price Increase
- ₹1,485 per kg
- US Dollar Index
- 98.3 (near two-month lows)
- Fed Rate Cut Odds
- 31% chance in January
- Silver Record High
- ₹2,06,111 per kg on MCX
- Silver COMEX High
- $66.65 per ounce
- Silver vs. Crude Oil
- Silver trading higher than WTI crude oil for the first time in 40 years
Sources
Gold Rates Today: MCX gold rises ₹1,150 per 10g as January US Fed rate cut odds climb after jobs data
US Stock Market Today: Wall Street mostly flat after jobs data signal softening labor market, Pfizer drops 3.3%
Dow Jones falls over 300 points after jobs report; Tesla aids Nasdaq recovery
Gold price today: Gold, silver rates at record high on US Fed rate cut hopes; experts unveil strategy for MCX gold
Silver rate today hits record high on MCX, global prices cross $65 for first time - Is it right time to buy?
MCX Silver Touches Record High, Global Prices Cross $65; What Investors Should Know
Gold snaps 4-day record rally, drops Rs 1,700
Silver hits record, pips crude oil prices for 1st time in 40 years; new era, say analysts
Weak US jobs data pushes gold back toward record highs
Silver price correction of 15 20% possible but $85 90 likely over next 2 years: Vandana Bharti
₹100 invested in gold in 1985 would have become… How gold prices stacked up against Sensex, bank deposits
Hindustan Zinc share price climbs 3.5% as silver prices hit new highs, stock at 16-month peak
Gold Vs Sensex Vs Deposits: How Rs 100 Invested In 1985 Performed Over 40 Years
Gold Rates Today: MCX gold gains for fifth session on US Fed rate cut optimism, silver tops ₹2.06 lakh per kilo
