Overview
- International prices jumped to two‑week highs, with spot near $4,080 and futures briefly topping $4,100 after Monday’s rally.
- In India, MCX December futures climbed to about ₹1,23,100 per 10g, while Delhi bullion rates rose to roughly ₹1,25,900 per 10g, tracking the global upturn.
- Market-implied odds of a December Federal Reserve rate cut hovered near 67% as weak sentiment and labor signals supported bullion, and the Senate advanced steps toward ending the 40‑day shutdown that has stalled official data.
- Analysts still frame the near-term outlook as corrective and range‑bound ahead of key U.S. CPI, China releases, and tariff-related legal decisions that could set the next directional move.
- Silver rallied alongside gold to around $49.5/oz, and support from central‑bank buying and recent ETF inflows, including October net additions reported by the WGC, reinforced the broader precious‑metals bid.