MCX gold rebounds Rs 784 to Rs 1,47,987/10 grams as U.S.-Iran talks ease oil; MCX silver gains Rs 4,000/kg

Progress in U.S.-Iran peace talks helped push oil prices lower, easing inflation worries and lifting gold and silver on MCX. MCX gold futures rose Rs 784 to Rs 1,47,987 per 10 grams, while MCX silver futures climbed Rs 4,000 per kg. Still, hawkish Federal Reserve signals lifted the implied probability of a December rate hike to 89%, weighing on the broader outlook for precious metals.