{
  "id": 15578368,
  "title": "Gold Surges To ₹1.48 Lakh While Silver Tops ₹2.12 Lakh, Easing US Fed Rate Hike Fears Boost Precious Metals",
  "url": "https://urgent.news/2026/10/19/gold-surges-to-1-48-lakh-while-silver-tops-2-12-lakh-easing-us-fed",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-19T06:36:30.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/gold-surges-to-148-lakh-while-silver-tops-212-lakh-easing-us-fed-rate-hike-fears-boost-precious-metals"
  },
  "original_language": "en",
  "account": "New Delhi witnessed a surge in gold and silver prices on Monday, October 19, as global market trends improved and concerns over a potential US Federal Reserve rate hike eased. The Multi Commodity Exchange (MCX) recorded gains for both precious metals, with investors closely monitoring US inflation data and Federal Reserve policy decisions.\n\nGold prices fell by ₹400 to ₹1.52 lakh per 10 grams due to a stronger Indian rupee putting downward pressure on domestic prices. On the MCX, December gold futures rose by ₹461, or 0.31 percent, to ₹1,48,379 per 10 grams, while touching a high of ₹1,48,499 and a low of ₹1,48,120 in early trading. Silver prices also increased, with December delivery futures jumping by ₹826, or 0.39 percent, to ₹2,12,013 per kilogram. Silver touched an intraday high of ₹2,12,750 and a low of ₹2,11,634 during early trading.\n\nThe focus was on the US Federal Reserve's decision, with Federal Reserve Chair Kevin Warsh's comments reducing expectations of an October interest rate hike. However, strong US inflation figures still left uncertainty over a possible December rate increase. Investors will closely watch the Federal Open Market Committee (FOMC) meeting on October 27-28.\n\nIn international markets, COMEX gold moved towards $4,200 per ounce, gaining around 0.50 percent, while COMEX silver strengthened and moved closer to $57.80 per ounce, up approximately 0.89 percent. A stronger Indian rupee limited some domestic price gains, and market analysts noted immediate resistance for MCX gold at ₹1,48,600 and support near ₹1,48,000. Silver's resistance was expected between ₹2,14,000 and ₹2,15,000, with immediate support around ₹2,07,000-₹2,08,000. The upcoming US Federal Reserve decision and inflation trends were expected to have a significant impact on precious metal prices.",
  "summary": "New Delhi: Gold and silver prices moved higher in early trading on Monday, October 19, supported by positive global market trends and easing concerns over another interest rate hike by the US Federal Reserve. Both precious metals recorded gains on the Multi Commodity Exchange (MCX), with investors closely watching US inflation data and upcoming Federal Reserve policy decisions. Gold Falls ₹400 To…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}