Gold Price MCX: Gold prices have been rising for the past few days. The Multi-Commodity Exchange has closed higher for the fourth consecutive month. Along with gold, silver prices are also fluctuating. Gold prices have started rising again during the wedding season. On Friday, the MCX gold futures contract with February 2026 expiry closed at ₹1,29,599 per 10 grams, up ₹1,932, or 1.51%. This price is approximately ₹2,700 lower than the record high of ₹1,32,294 per 10 grams, reached on October 17, 2025. This means gold will get a new peak, with another ₹2,700 increase. The MCX silver February contract rose 0.16% to ₹1,75,650 per kg.
Despite high gold prices, jewellery showrooms continue to see a steady flow of buyers. During the wedding season, people are buying jewellery despite the high cost of gold. Experts say that jewellery alone accounts for approximately 15% of total wedding expenses in India.
On the other hand, expectations of US Federal Reserve interest rate cuts have increased. Gold prices have seen strong buying in India and across markets worldwide over the past week. The probability of a 25 basis point interest rate cut at the US Federal Reserve meeting next month has increased to 87%.
What are gold and silver prices in Mumbai?
24-carat gold rate in Mumbai – ₹1,29,400/10 grams
22-carat gold rate in Mumbai – ₹1,18,617/10 grams
MCX gold rate in Mumbai – ₹1,29,599/10 grams
Silver rate in Mumbai – ₹1,74,680/kg
What are the gold and silver prices in Delhi?
24-carat gold rate in New Delhi – ₹1,29,180/10 grams
22-carat gold rate in New Delhi – ₹1,18,415/10 grams
MCX gold rate in New Delhi – ₹1,29,599/10 grams
MCX silver 999 rate in New Delhi – ₹1,75,340/kg