Positive impactOrders & Deals
Gold Trades Above Rs 1.55 Lakh, Silver Jumps By Rs 6,500 On MCX As Fed's Waller Signals Rate Hold
NDTV Profit 2 hrs ago·3 Sept 2026, 4:05 pm
Gold and silver prices surged on the Multi Commodity Exchange (MCX) as investors reacted to Federal Reserve Governor Jerome Powell's comments. He signaled that the central bank is likely to keep interest rates steady for now, which reduces the opportunity cost of holding non-yielding assets like precious metals. Consequently, the gold September futures contract crossed the Rs 1.55 lakh mark, while silver jumped by over Rs 6,500.
This rally is significant for investors because it highlights the strong correlation between central bank policy and commodity markets. When borrowing costs are expected to remain low, demand for gold and silver typically increases as a hedge against inflation and currency depreciation. For those holding MCX futures, the current momentum suggests continued bullish sentiment, though market volatility remains a key factor to monitor.
Affected stocks
Bullish1 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 (MCX).
- Category: Orders & Deals.
- AI reads the tone as positive (potentially bullish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update for Multi Commodity Exchange worth tracking. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
