Gold and silver showed a mixed trend on Monday (December 8), with gold inching up on a weaker US dollar while silver eased after touching all-time high last week. The movement comes as markets await the US Federal Reserve’s policy decision, with expectations of a rate cut dominating sentiment.

Spot gold gained 0.3% to $4,212.70 per ounce, supported by the dollar hovering near one-month lows. US futures were steady at $4,241.30 an ounce.

Market pricing indicates an 88% probability of a 25-basis-point cut at the Fed’s December 9–10 meeting, following soft labour indicators and slowing consumer spending.

In India, bullion remained firm, with 24K gold at ₹13,042 per gram, while recent trade data shows prices nearing ₹13.04 lakh per 10 grams. Silver stood at ₹189.90 per gram.

Silver slipped

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