MCX Gold and Silver Rally on Fed Rate Cut Hopes
Gold and Silver futures prices jump on MCX on Jan 2, 2026. Discover how Fed rate cut hopes and global trends are driving precious metals to new record highs.
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LUCKNOW-Gold and silver futures prices on the Multi Commodity Exchange (MCX) surged on Friday, Jan 2, 2026, tracking a powerful rally in international markets. Driven by growing expectations of US Federal Reserve rate cuts, investors are aggressively pivoting toward safe-haven assets.
MCX Gold February futures climbed over ₹900, nearing record highs of ₹1,36,752, while Silver March contracts saw a massive 3% jump. Robust global cues and a weakening US dollar continue to support bullion’s bullish momentum as the new year begins.
