Gold, Silver Trade Mixed Ahead Of US Inflation Data, Fed Reserve Decision

September 10, 2026

Mumbai: Gold and silver prices showed a mixed trend in Thursday morning trade as investors remained cautious ahead of key US inflation data and the Federal Reserve’s upcoming policy decision.

Gold Prices Rise After Weak Opening

On the Multi Commodity Exchange (MCX), October gold futures opened at ₹1,53,581, down 0.11 per cent or ₹182.

By 11 am, gold had risen as much as 0.31 per cent, or ₹489, to touch an intraday high of ₹1,54,252. At the last count, it was trading at ₹1,54,177, up 0.27 per cent or ₹414.

Analysts said MCX gold was trading largely flat and remained capped below its 20-day exponential moving average and immediate resistance.

Immediate resistance for gold is seen at ₹1,54,000–₹1,54,700, with a sustained break potentially taking prices towards ₹1,56,300–₹1,57,000.

Support is placed at ₹1,50,700–₹1,50,000, while a break below the 100-day EMA could drag prices towards ₹1,48,000.

“Bias stays cautious below ₹1,54,000,” an analyst said, adding that a move below ₹1,52,000 could trigger a pullback towards ₹1,50,700.

Silver Trades Volatile, Remains Under Pressure

December silver futures touched an intraday high of ₹2,44,265, up 0.02 per cent or ₹52. The white metal, however, declined as much as 0.60 per cent, or ₹1,487, to hit an intraday low of ₹2,42,726.

MCX silver was trading near ₹2,43,000, down 0.52 per cent, while holding above key near-term moving averages.

Resistance is seen at ₹2,45,000–₹2,46,000, followed by ₹2,49,000–₹2,50,000. Support stands at ₹2,42,000–₹2,41,000, followed by ₹2,37,000–₹2,36,000.

Analysts said silver’s near-term bias remains cautious, with a break below ₹2,42,000 potentially leading to further weakness.

US Inflation Data, Fed Decision In Focus

Market participants are awaiting the US Producer Price Index (PPI) data due later on Thursday and consumer inflation data scheduled for Friday for cues on the Federal Reserve’s interest-rate trajectory.

Many experts expect the US central bank to maintain the status quo at its September 15–16 policy meeting.

Meanwhile, international gold prices rose amid weakness in the dollar. COMEX gold was trading at $4,472.60, up 0.27 per cent, while COMEX silver was at $68.44, down 0.29 per cent.

Crude oil prices also traded higher, with Brent crude crossing the $100-a-barrel mark amid Middle East tensions. Brent crude gained 0.68 per cent to $101.90 a barrel, while US West Texas Intermediate crude rose 1.81 per cent to $97.79 a barrel.