February 11, 2026 3:28 PM
Gold, silver gain as weak US retail data fuels rate-cut expectations
Gold traded higher while silver registered sharp gains on Wednesday after softer-than-expected US retail sales data strengthened expectations of interest rate cuts by the Federal Reserve. On the Multi Commodity Exchange (MCX), gold April futures climbed 0.71 per cent to Rs 1,57,909 per 10 grams on an intra-day basis. Silver March futures gained 2.67 per cent to Rs 2,59,300 per kg. The dollar index eased to 96.59 from 96.80 in the previous session, making dollar-denominated bullion cheaper for ...