Gold-Silver Rate Today: Gold and Silver Prices Surge as Fed Rate Cut Hopes and Safe Haven Demand Lift Global Markets

New Delhi: Gold and silver prices in India have been fluctuating continuously for the past few days. Sometimes they fall, sometimes they rise. According to the Indian Bullion and Jewelers Association (IBJA), 24-carat gold reached ₹124,129 per 10 grams on Wednesday morning, while silver reached ₹154,760 per kg. The rally continued on the Multi Commodity Exchange (MCX) as well—gold futures rose for the fourth day to ₹124,695 per 10 grams, and silver futures reached ₹154,330 per kg. The international market (COMEX) also saw a rise, with gold futures reaching USD 4,140.75 per ounce and silver futures reaching USD 50.35 per ounce. Gold Rate Today: Surge in market prices; Why more buyers are choosing 18K over 24K? Latest gold prices for different carats According to rates released by IBJA: 24-carat gold: ₹124,129 per 10 grams 23-carat gold: ₹123,652 per 10 grams 22-carat gold: ₹113,720 per 10 grams 18-carat gold: ₹93,112 per 10 grams 14-carat gold: ₹72,627 per 10 grams Silver (999): ₹154,760 per kg Due to the rise in the international market The rise in global gold and silver prices is primarily due to rising expectations of a rate cut by the US Federal Reserve at its upcoming December meeting. Additionally, investor confidence has been boosted by the easing of uncertainty surrounding the US government shutdown. [caption id="attachment_170139" align="aligncenter" width="1280"] Gold vs Silver rates today[/caption] Gold is considered a "safe-haven" asset—meaning investors buy it as a safe investment when global economic conditions are unstable. The weakening of the US dollar has also boosted gold prices. Expert Opinion Rahul Kalantri, Vice President of Mehta Equities, stated that gold prices have risen due to weakness in the dollar index and increased safe-haven demand. Jigar Trivedi, Senior Analyst at Reliance Securities, said that gold has now reached above USD 4,130 per ounce, its highest level in the last three weeks. US Federal Reserve Governor Stephen Mirran has also indicated that a rate cut of up to 50 basis points is possible due to rising unemployment and falling inflation. Gold Rate Today: Surge in market prices; Why more buyers are choosing 18K over 24K? Future Outlook Financial institutions like JP Morgan expect gold prices to remain strong in the coming months due to continued gold purchases by central banks. Experts also say that if this trend continues, gold could surpass the USD 5,000 per ounce mark next year. Overall, global economic uncertainty, softening US monetary policy, and safe-haven demand—these three factors have combined to push gold and silver prices to new heights.