Gold Rate Today Rises Above Rs 1.42 Lakh Ahead of Fed Meet; Check Latest MCX Gold & Silver Prices on 26 Oct

Gold and silver prices traded higher on the Multi Commodity Exchange (MCX) on Monday, October 26, as investors assessed rising crude oil prices, persistent inflation concerns and the US Federal Reserve's upcoming policy decision. Both precious metals posted gains in early trade, although international prices remained under pressure amid expectations that interest rates could stay elevated for longer.

Gold, Silver Rates Today: MCX Gold Rebounds, Silver Rises Amid US Fed Decision and Inflation Concerns

The outlook for bullion this week will largely depend on the Federal Reserve's policy announcement and its signals on future interest rate moves. While gold has recovered towards the $4,000-per-ounce mark after slipping to a three-month low, silver has been hovering near an 11-month low of around $54 an ounce.

Rising energy prices linked to geopolitical tensions in the Middle East have added to inflation concerns, potentially limiting the scope for rate cuts and weighing on non-yielding assets such as gold and silver.

MCX Gold Price Today on October 26, 2026

MCX gold futures for delivery on December 4, 2026, were trading at Rs 1,42,809 per 10 grams, up Rs 785 or 0.55% from the previous close of Rs 1,42,024, at 10:39 am IST on Monday. The contract opened at Rs 1,42,301, with a reported trading volume of 760.

MCX Silver Price Today on 26 October, 2026

MCX silver futures for delivery on December 4, 2026, were trading at Rs 1,96,650 per kilogram at 10:45 am IST. The contract rose Rs 931, or 0.48%, compared with its previous close of Rs 1,95,719. Silver opened at Rs 1,96,257, and the reported trading volume was 1,611.

In the international market, silver was trading around $54 an ounce, near an 11-month low. The metal has faced pressure from concerns that persistent inflation could keep borrowing costs high. However, its gains on the domestic exchange indicated a positive start to the week.

US Fed Decision, Crude Oil Prices Key Triggers for Gold, Silver Rates

The Federal Reserve's policy decision is a key event for gold and silver investors this week. Markets widely expect the US central bank to keep interest rates unchanged at its upcoming meeting, while investors will look for clues about the possibility of a rate increase in December.

Higher interest rates generally weigh on gold and silver because these assets do not offer interest income. If inflation remains elevated and the Fed signals that rates may stay high for longer, precious metals could face renewed selling pressure. Conversely, a softer policy outlook could provide support to bullion.

Rising crude oil prices are another factor to watch. The escalation of tensions in the Middle East has increased concerns over energy supply disruptions and inflation. The US administration is weighing its next steps regarding Iran, while Tehran has reportedly indicated its readiness to retaliate amid growing regional tensions. Any further escalation could increase market uncertainty and trigger fluctuations in precious metals.

Central bank decisions in the Eurozone and Japan are also expected to influence global market sentiment this week.

What Should Gold and Silver Investors Watch? Check Gold-Silver Technical Outlook

Markets await the October 27-28 Fed meeting and next week's PCE data. "Gold has broken $4,000 (Rs 1,42,000) and may slip to $3,950 (Rs 1,40,000), while silver, below $54.5 (Rs 2,00,000), could test $50 (Rs 1,80,000-1,85,000). Both metals are building a strong base over the medium term, with a 10-15% rebound expected. Holding above $4,200 for gold and $62 for silver would revive the uptrend," said Mr. Prithviraj Kothari, Managing Director at RiddiSiddhi Bullions Ltd., President of IBJA.

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