Neutral impactCommodity
Gold steady near ₹1.49 lakh per 10 grams on MCX; silver under pressur: Key levels to watch
CNBC-TV18 1 hr ago·8 Oct 2026, 10:41 am
Gold futures on the Multi Commodity Exchange (MCX) remained stable around the ₹1.49 lakh mark per 10 grams, while silver prices faced selling pressure. The precious metal's stability comes as the US dollar strengthened, making gold more expensive for foreign buyers. Additionally, investors are closely watching Federal Reserve rate expectations, which can influence interest rates and gold demand.
For investors, this price action highlights the metal's role as a safe-haven asset during times of geopolitical tension. A stronger dollar often weighs on gold, so its ability to hold steady is notable. Traders should monitor key support and resistance levels on the chart to gauge potential short-term movements.
Moving forward, the focus will be on US economic data and central bank commentary. Any shift in Fed rate expectations or a decline in the dollar could trigger volatility. Investors should keep a close watch on global cues to understand the next leg of the rally or correction.
Affected stocks
Neutral1 stock
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns Multi Commodity Exchange of India (MCX).
- Category: Commodity.
Why it matters
A routine update for Multi Commodity Exchange of India. Use the price and stock snapshot to gauge how the market is responding.
