Overview

• MCX October gold futures rose Rs 572 to Rs 1,09,624 per 10 grams, snapping a three-day slide, while the December contract advanced to Rs 1,10,650.
• The US Federal Reserve cut rates by 25 basis points to 4.00–4.25%, its first reduction since December, and signalled a cautious path that prompted some profit-taking.
• International spot gold traded around $3,647 an ounce per the World Gold Council after briefly hitting a record $3,707.57 earlier in the week.
• India Bullion Association quoted domestic gold at Rs 1,09,530 per 10 grams, with city rates such as New Delhi at Rs 1,09,140 and Mumbai at Rs 1,09,330.
• Silver climbed alongside gold, with IBA spot at Rs 1,27,070 per kg and MCX December futures at Rs 1,28,800, while global silver futures traded near $42.67 an ounce.