New Delhi, Dec. 11 -- Gold and silver prices surged sharply on Thursday, December 11, after the US Federal Reserve delivered its third consecutive interest rate cut and signalled that only one more reduction is likely next year. With rate-sensitive precious metals reacting instantly across global and domestic markets, investors are now watching closely to understand how the Fed's policy shift will influence bullion trends in the coming months.

Gold and silver extended their upward momentum in early trade on Thursday as global markets digested the US Federal Reserve's latest policy action. MCX gold February futures rose 0.60% to Rs.1,30,575 per 10 grams, while MCX silver March contracts surged 2.42% to Rs.1,93,300 per kg, after hitting a ...