Gold and silver prices edged higher in early Thursday trade on the Multi Commodity Exchange (MCX) as the US dollar weakened after lawmakers passed a temporary funding bill, ending the record 43-day US federal shutdown.

At 9:35 a.m., MCX gold December futures were trading 0.37% higher at ₹1,26,935 per 10 grams, while MCX silver December contracts jumped 1.70% to ₹1,64,854 per kg.

Dollar Weakness Boosts Precious Metals

The US dollar index hovered near 99.5, as investors awaited fresh US economic data following the reopening of federal operations. The shutdown, which began on October 1, left government employees unpaid and disrupted services nationwide.

US President Donald Trump signed the funding bill late Wednesday (local time), restoring temporary government operations.

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