Mumbai: Gold and silver futures moved higher on Friday, supported by firm global cues as traders waited for crucial US inflation data expected to influence the Federal Reserve’s upcoming policy decision.

On the Multi Commodity Exchange (MCX), gold futures for February rose by Rs 751, or 0.58 per cent, to Rs 1,30,829 per 10 grams, compared with Thursday’s close of Rs 1,30,078. Silver futures for the March 2026 contract increased by Rs 4,288, or 2.41 per cent, to Rs 1,82,426 per kilogram, up from Rs 1,78,138 in the previous session.

A weakening US dollar also lent support to bullion prices, with the dollar index trading 0.13 per cent lower at 98.87. Globally, Comex gold for February delivery was up USD 17.45, or 0.41 per cent, at USD 4,260.45 per ounce, while silver for March 2026 traded

See Full Page