Gold Rises 1% On MCX As U.S. Yields, Dollar Ease; Payroll, Inflation Data In Focus

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Last Updated: 11th February 2026 - 12:18 pm

Summary:

Gold prices advanced 1% on the MCX as U.S. bond yields and the dollar weakened, supporting safe-haven demand. MCX gold April futures rose to ₹1,58,436 per 10 grams, while silver gained 3.3%. Investors are now watching U.S. non-farm payroll and inflation data for further clarity on the Federal Reserve’s interest rate trajectory.
 

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Gold prices climbed on the Multi Commodity Exchange on Wednesday morning amid positive global cues and firm spot demand.

MCX gold April contracts rose more than ₹1,600, or 1%, to ₹1,58,436 per 10 grams. MCX silver March contracts advanced nearly ₹8,300, or 3.3%, to ₹2,60,838 per kilogram.

In international markets, U.S. gold futures for April delivery gained 1% to $5,079 per troy ounce. The move followed a decline in U.S. Treasury yields after December retail sales data signalled softer consumer momentum.
The dollar index eased 0.15% to 96.66, making dollar-denominated bullion relatively cheaper for holders of other currencies.

Retail Sales Data Weigh On Growth Sentiment

U.S. retail sales remained unchanged in December, while October data were revised lower by the Commerce Department. Market participants interpreted the data as a sign of moderation in consumer spending.
The softer retail numbers have increased expectations that the U.S. Federal Reserve may consider additional rate cuts if growth weakens further.

Key U.S. Data In Focus

Investors are now awaiting the January non-farm payrolls report, scheduled later on Wednesday, and inflation data due on Friday. These releases are expected to offer further clarity on the Federal Reserve’s policy path.
Technical Levels To Watch

On the MCX, gold has support at ₹1,55,500 and ₹1,54,000, and resistance at ₹1,57,700 and ₹1,59,000. Silver has support at ₹2,48,800 and ₹2,44,000, and resistance at ₹2,55,500 and ₹2,60,000.

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