Gold price at Rs 1.47 lakh/10g; silver gains Rs 5,000/kg as US jobs data cools inflation worries. What are experts saying?

Gold and silver prices surged after softer-than-expected US nonfarm payrolls data (57,000 jobs vs 110,000 expected) eased inflation concerns. MCX gold futures for August 2026 delivery rose Rs 2,219 to Rs 1,47,977 per 10 grams, while silver futures for September 2026 gained Rs 4,912 (2%) to Rs 2,38,216 per kg. The probability of a Fed rate hike in September dropped from 66% to around 54%, supporting bullion prices, which were on track for a 2.3% weekly gain.