- Gold futures surged over Rs 1,000; silver up 0.8%.
- US employment data boosted precious metals.
- .Expert predicts gold range Rs 1,51,000-Rs 1,55,500.
Gold Sand silverprices rose in the domestic futures market on Thursday amid firm demand in the spot market. Gold futures rose by over Rs 1,000 to Rs 1.53 lakh per 10 grams, whereas Silver prices rose nearly 0.8 per cent to Rs 2.38 lakh per kg in the futures trade amid a firm global trend.
Gold Rate Today MCX
On the Multi Commodity Exchange, the yellow metal contract for delivery in October was trading higher by Rs 1,029, or 0.68 per cent, at Rs 1,53,431 per 10 grams, with a business turnover of 2,467 lots.
Analysts said fresh positions by market participants boosted the prices of the precious metal. Gold futures in New York fell 0.89 per cent to US$4,420.49 per ounce.
What Brings Positive Trend In Gold Prices: Expert Take
"Gold prices traded positively as weakness in bond prices supported bullion, while softer-than-expected US Non-Farm Employment Change data increased expectations of a more accommodative Fed stance. Weaker employment conditions could give the Federal Reserve greater flexibility to not consider rate hikes, supporting gold through lower yield expectations," said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.
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Will Gold Prices Rise Further?
According to Trivedi, going ahead, markets will closely track Friday’s Non-Farm Payrolls and Unemployment data for further clues on the Fed’s policy path.
"Gold range can be seen between Rs 1,51,000–Rs 1,55,500," Trivedi noted.
Also Read: Festive Season Relief: Sugar Prices Likely To Decrease In Next 10 Days; What Industry Bodies Said
Silver Rate Today MC
At the Multi Commodity Exchange, the white metal for delivery in December rose by Rs 1,862, or 0.79 per cent, to Rs 2,38,128 per kg in a business turnover of 2,445 lots.
Analysts said that silver prices rose due to fresh positions being taken by participants. Silver futures rose 1.04 per cent to US$65.99 per ounce in overseas trading.
Gold Rate On September 3, 2026: FAQ
- What is the current price of gold on the Multi Commodity Exchange (MCX)? As of the latest report, the gold contract for October delivery was trading higher by Rs 1,029 (0.68%) at Rs 1,53,431 per 10 grams.
- Why are gold prices currently trending positively? The positive trend is attributed to a weakness in bond prices and softer-than-expected US Non-Farm Employment Change data, which has increased expectations for a more accommodative stance from the Federal Reserve.
- What is the projected price range for gold? According to Jateen Trivedi, VP Research Analyst at LKP Securities, the price of gold is expected to range between Rs 1,51,000 and Rs 1,55,500.