Gold-Silver Price Today: Before the decision of the US Federal Reserve to cut interest rates, the price of 10 grams of 24 carat gold in India was around Rs 130,000 and the price of 100 grams was around Rs 13,00,000. As soon as the Federal Reserve announced a reduction of 25 basis points, there was a rise in the prices of gold and silver today.

Gold price rises on MCX

On December 11, an increase of 0.50 percent was seen in the prices of gold on MCX (Multi Commodity Exchange). Around 10 am, the MCX gold futures contract with February 2026 expiry was seen rising by Rs 667, or 0.51 per cent, and trading at Rs 130,463 per 10 grams.

Whereas MCX March contract silver jumped by Rs 3,334 i.e. 1.9 percent and was seen trading at Rs 192,400 per kg. Before the Fed rate cut, the price of 10 grams of 24 carat gold was Rs 1,30,320, the price of 22 carat was Rs 1,19,460 and the price of 18 carat was Rs 97,740. Now they are close to their record high.

What is the price of 24 and 22 carat today?

Today in the country, the price of 24 carat gold is Rs 13,032 per gram, the price of 22 carat gold is Rs 11,946 per gram and the price of 18 carat gold (also known as 999 gold) is Rs 9,774 per gram. At the same time, 100 grams of gold is available for Rs 13,03,200 in 24 carat, Rs 11,94,600 in 22 carat and Rs 97,740 in 18 carat.

Rise in silver price also

Whereas, if we talk about silver, it is now close to touching the level of Rs 2 lakh. Today the price of 1 kg silver is Rs 1,99,000, while the rate of 100 grams and 10 grams of silver is Rs 19,900 and Rs 1,990 respectively.

Fed Reserve cut rates by 25 basis points

The US Federal Open Market Committee (FOMC) took the decision to cut benchmark interest rates on December 10 after a two-day long meeting. With the reduction of 0.25 basis points, it has now directly come down to the level of 3.75 percent from 3.50 percent. This is the lowest level in the last three years. However, the Federal Reserve cut interest rates with a tough stance. During the press conference, Federal Reserve Chairman Jerome Powell indicated that there will be no further cuts in interest rates in the near future.

The reason for taking this step of the Fed is especially in view of the softening of the labor market in view of the increased inflation. The Federal Reserve does this to control inflation, boost the economy, increase liquidity in the market, and protect the economy from recession. Market experts say that lower interest rates will reduce the cost of borrowing, which will give companies the opportunity to invest more. This is also a great opportunity for emerging markets like India, which is likely to increase foreign investment.

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Stock Market Updates: Trading in the Indian stock market started on a strong note on Thursday. Global sentiments got strengthened due to the US Federal Reserve’s 25 point cut in interest rates. At the beginning of trading, BSE Sensex rose 65.5 points to 84,456.75, while NSE Nifty opened above 25,750 at the level of 25,771.4.

During this period, the maximum rise was seen in IT shares and shares of PSU banks. However, even though the stock market went into the red soon after opening, it controlled itself by making a sharp recovery. By 9:30 am, Nifty was seen trading at the day’s highest level till date 25,803.

List of top gainers and losers

Shares of Tata Steel, Infosys, Eicher Motors, Wipro and HCL Technologies were the top gainers in Nifty 50 in early trade. On the other hand, the major laggards in the Nifty 50 pack included Titan, Power Grid Corp, HDFC Life Insurance, Indigo and Bharti Airtel. The stocks which saw the most movement in early trade included Reliance Industries, M&M, ITC, Infosys and Kotak Mahindra Bank, which were seen most active in the morning trade.

Federal Reserve cuts interest rates

The US Federal Reserve has cut interest rates by 25 basis points on Wednesday after the two-day FOMC meeting. With this, the benchmark rate was reduced from 3.5 percent to 3.75 percent. This is the lowest rate in three years. Along with this, the Federal Reserve also indicated that there will be no further reduction in interest rates in the coming time. After this decision of Fed, there was a boom in the Indian stock market.

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Indian Stock Market: Taking a policy decision, the US central bank has brought the benchmark interest rate from 4 percent to 4.25 percent by cutting the interest rates by 0.25 percent. The Indian market saw a tremendous rise on Thursday, a day after the US Fed’s decision taken on Wednesday.

While the Sensex opened by climbing 400 points, the Nifty was also trading with an initial lead of 100 points. Shares from Infosys to Wipro saw a surge. That is, the shares of IT companies saw tremendous strength and their shares went up to about 2 percent.

Why the Indian market booms?

Why the Indian market boom. Actually, market experts were already expecting that interest rates would be cut this time. Along with this, there are indications of cuts in interest rates further from the US Fed. However, US Fed Chief Jerome Powell has definitely said that further policy decisions will be taken according to the upcoming figures and changing situations.

In this regard, Rajesh Palvania, Senior Vice President of Axis Securities, says that this policy decision of US Fed may attract foreign investors in India. This will not only benefit index like BSE Sensex and NSE Nifty, but Indian currency is also likely to be strengthened.

What should investors do?

What should investors do. In this regard, Japan’s broking firm Nomura says that in the coming days this year, people can be relieved by the US Federal Reserve and by cutting interest rates of 25 basis points. On the other hand, Vishal Goenka, co-founder of India Bonds.com, says that after this decision of the US central bank, the expectation of further interest rates has increased and it can be a favorable situation to invest in bonds.

Also read: Indian rupee collapsed by US Fed’s decision to cut interest rates, know how much broken against the dollar

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