Gold rises about ₹400 to around ₹1.5 lakh; silver stays near ₹2.12–₹2.15 lakh in Delhi

Silver, however, remains steady for the second straight session at ₹2.15 lakh per kilogram

New Delhi, October 19, 2026: Gold prices climbed Rs 400 to Rs 1.5 lakh per 10 grams in Delhi on Monday as improving festive demand and firm global trends lent support to the precious metal ahead of Dussehra.The 99.9 per cent pure metal gained Rs 400 to Rs 1,50,300 per 10 grams, inclusive of all taxes, from Friday's closing level of Rs 1,49,900 per 10 grams, according to local traders.Silver, however, remained steady for the second straight session at Rs 2.15 lakh per kilogram."Gold prices moved higher in the domestic market on Monday, supported by a positive trend in overseas markets and improving retail demand as the festive season begins," said Saumil Gandhi, Senior Analyst of Commodities at HDFC Securities.He said physical demand had improved, with gold trading at a premium last week for the first time in more than three months as lower prices encouraged jewellery purchases."Retail demand is expected to strengthen further ahead of Diwali, India's biggest festival, supporting the domestic gold market," he added.Festive Demand Supports Domestic Gold PricesBullion markets will remain closed on Tuesday on account of Dussehra.Vikas Gupta, smallcase manager and CEO of Omniscience Capital, said the festive and wedding seasons typically drive gold prices higher, though the likelihood of US Federal Reserve rate hikes could keep global rates under pressure."Domestic gold prices are likely to see a small festive season surge but remain stable post that," Gupta said.Global Trends Influence Bullion RatesIn the global market, spot gold was traded marginally at USD 4,175.57 per ounce, while silver rose over 1 per cent to USD 57.63 per ounce."Gold and silver are trading higher as easing crude oil prices and declining US Treasury yields help reduce inflation concerns and support precious metals," said Gaurav Garg, Head of Research at brokerage platform Lemonn.Also Watch: Gold FoF Inflows Paused Before Diwali, Existing SIPs And Withdrawals ContinueHe added that expectations of additional global fuel supply following the US easing certain restrictions on Russian oil-related trade could weigh on crude prices, while geopolitical tensions and risks to shipping through the Strait of Hormuz remained concerns.(Disclaimer: Except for the headline, this article has not been edited by FPJ's editorial team and is auto-generated from an agency feed.)

New Delhi: Gold and silver prices moved higher in early trading on Monday, October 19, supported by positive global market trends and easing concerns over another interest rate hike by the US Federal Reserve.Both precious metals recorded gains on the Multi Commodity Exchange (MCX), with investors closely watching US inflation data and upcoming Federal Reserve policy decisions.Gold Falls ₹400 To ₹1.52 Lakh Per 10 Grams As Stronger Rupee Pressures Domestic PricesGold Price Today: MCX Gold Rises ₹461On the MCX, December gold futures climbed ₹461, or 0.31 per cent, to ₹1,48,379 per 10 grams, compared with the previous closing price of ₹1,47,918.Gold touched an intraday high of ₹1,48,499, gaining ₹581, while its lowest level during early trading stood at ₹1,48,120.Silver Price Today: MCX Silver Crosses ₹2.12 LakhSilver futures for December delivery increased ₹826, or 0.39 per cent, to ₹2,12,013 per kilogram from the previous close of ₹2,11,187.The white metal reached an intraday high of ₹2,12,750, while its session low stood at ₹2,11,634.US Federal Reserve Decision In FocusCommodity experts said comments from Federal Reserve Chair Kevin Warsh reduced expectations of an October interest rate increase to below 20 per cent.However, stronger US inflation figures continue to create uncertainty over a possible December rate hike.Investors will closely monitor the Federal Open Market Committee (FOMC) meeting scheduled for October 27–28.Gold Prices Fall ₹1,400 To ₹1.53 Lakh Per 10 Grams As Stronger Rupee Weighs On Bullion MarketInternational Gold And Silver Prices RiseIn international markets, COMEX gold advanced towards $4,200 per ounce, gaining around 0.50 per cent.COMEX silver also strengthened, moving towards $57.80 per ounce, up approximately 0.89 per cent.A stronger Indian rupee, however, limited some domestic price gains.Gold And Silver Price OutlookMarket analysts identified immediate resistance for MCX gold at ₹1,48,600, followed by ₹1,50,000–₹1,50,700. Support is expected near ₹1,48,000.For silver, resistance lies between ₹2,14,000 and ₹2,15,000, while immediate support is placed around ₹2,07,000–₹2,08,000.The upcoming US Fed decision and inflation trends are expected to influence precious metal prices.