Gold prices rise above Rs 1.3 lakh, silver hits fresh peak after US Fed cuts rates. What should investors do?
Gold and silver prices opened higher on December 11 after the US Federal Reserve delivered its third consecutive rate cut. MCX gold February futures rose to Rs 1,30,259/10g, while silver March futures hit a record Rs 1,92,565/kg. Strong industrial demand, declining inventories, and geopolitical risks continue to support the metals, even as the Fed signals caution on future rate cuts.