Gold Rates & Silver Rates Today (16/9/2026) LIVE: Gold Rises Rs 800, Silver Jumps Rs 3,000 Ahead Of Fed Policy

Gold rates and silver rates in India gained on September 16, 2026, ahead of US Federal Reserve's policy outcomes. MCX gold price rallied by at least Rs 800 or 0.5% to trade around Rs 1,51,575 per 10 grams mark, after hitting an intraday high of Rs 1,52,100 per 10 grams in the opening bell of Wednesday. MCX gold rises due to global surge in gold demand despite rate hike expectations from Fed today.

MCX silver price skyrocketed by more than Rs 3,000 or 1.3% to trade around Rs 2,35,157 per 1Kg, which is close to its intraday high of Rs 2,35,988 per 1Kg. MCX silver is trading higher due to upbeat momentum in spot silver.

In the global market, spot gold rallied nearly 1% to trade above $4,326 per ounce and spot silver surged nearly 1.4% to trade near $65 per ounce. Meanwhile, US WTI crude oil price dropped by 1% to trade around $105 per barrel and Brent crude slipped 0.5% to trade around $108 per barrel.

Market is predicting Fed's first rate hike in 3 years.

The central bank is widely expected to raise interest rates by 25 basis points, marking its first increase in around three years as policymakers seek to contain inflationary pressures. Traders will also look for guidance on another potential rate hike later this year, with expectations growing for a move in October or December. The Bank of Japan is also expected to raise borrowing costs this week, while the Bank of England is likely to keep policy unchanged. Meanwhile, gold prices faced additional pressure from surging energy costs that are fueling inflation concerns amid widening supply disruptions in the Middle East. Higher bond yields also weighed on non-yielding metals, with the US 10-year Treasury yield climbing to its highest level since 2007, as per Trading Economics.

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Sep 16, 2026, 9:38 am IST

Live Silver Rates Today: Spot Silver Jumps 1.5%

Spot silver rallied nearly 1.5% to trade around $65 per ounce. As per Trading Economics, the Fed is widely expected to raise interest rates by 25 basis points, marking its first hike in around three years as policymakers work to curb inflationary pressures. Markets will also focus on signals regarding another potential increase later this year, with expectations building for a move in October or December. The Bank of Japan is likewise expected to raise borrowing costs this week, while the Bank of England is anticipated to leave rates unchanged.

Sep 16, 2026, 9:37 am IST

Live Gold Rates Today: Spot Gold Holds Above $4,326 Per Ounce

Spot gold traded nearly 1% up to around $4,326 per ounce. As per Trading Economics, Oil prices pulled back from multi-month highs after a surprise increase in US crude inventories, although ongoing supply disruptions in the Middle East continued to support prices. Meanwhile, global bond yields steadied after their recent rise as investors turned their attention to several major central bank decisions this week.

Sep 16, 2026, 9:36 am IST

Live Gold Silver Rates Today: Except Crude Oil, All Commodities In Green

At MCX, except crude oil futures, all other commodities traded higher. MCX crude oil futures plunged nearly 2%, while MCX silver outperformed with over 1% gains. MCX gold, zinc, and copper also gained more than 0.5%. Natural Gas futures was marginally up. The MCX iCOMDEX bullion index rose nearly 1%.

Sep 16, 2026, 9:35 am IST

Live Silver Rates Today: MCX Silver Outperforms With Over Rs 3,000 Gains

MCX silver price skyrocketed by more than Rs 3,000 or 1.3% to trade around Rs 2,35,157 per 1Kg, which is close to its intraday high of Rs 2,35,988 per 1Kg. MCX silver is trading higher due to upbeat momentum in spot silver.

Sep 16, 2026, 9:35 am IST

Live Gold Rates Today: MCX Gold Jumps Sharply

MCX gold price rallied by at least Rs 800 or 0.5% to trade around Rs 1,51,575 per 10 grams mark, after hitting an intraday high of Rs 1,52,100 per 10 grams in the opening bell of Wednesday. MCX gold rises due to global surge in gold demand despite rate hike expectations from Fed today.