New Delhi, Dec. 1 -- Gold price today on the MCX jumped higher as strong global trends and growing investor expectations regarding the US Fed cutting interest rates continued to support the rates of the yellow metal on December 1.

MCX gold futures for December delivery increased by Rs.596, or 0.47%, to Rs.1,26,100 per 10 grams in a business turnover of 4,496 lots.

Meanwhile, silver prices also continued to rise on firm trends and Fed expectations, with the December contract rising by Rs.1,183, or 0.73%, to Rs.1,63,650 per kilogram in 5,799 lots.

Gold prices have jumped by a massive 1,500% in the past two decades, rising from Rs.7,638 in 2005 to more than Rs.1,25,000 in 2025 (as of September). In 16 of those years, gold rates have recor...