Gold Price Up ₹1,600 on MCX, Silver Jumps ₹8,300; US Payroll Report in Focus

Gold and silver prices surged sharply on the Multi Commodity Exchange (MCX) on Wednesday, February 11, driven by positive global cues, falling US bond yields, and rising expectations of Federal Reserve rate cuts. MCX gold April futures climbed ₹1,600 to ₹1,58,436 per 10 grams, while silver March contracts jumped ₹8,300 to ₹2,60,838 per kg. Weak US retail sales data and a softer dollar supported bullion demand, while investor focus remains on the January US non-farm payrolls and inflation data, which could shape near-term price direction.