Gold, silver prices today: Comex gold, silver rebound as softer US jobs data, Warsh's comments ease Fed rate hike fears

Gold and silver prices rebounded in Wednesday's trade after softer-than-expected US ADP jobs data (98,000 vs 118,000 expected) and Federal Reserve Chair Kevin Warsh's remarks eased fears of an imminent rate hike. Comex gold climbed $93 per troy ounce to $4,131 and silver advanced $1.62 to $61.54, while MCX gold futures surged Rs 3,000 per 10 grams to Rs 1,45,575 and silver climbed Rs 4,347 per kilogram to Rs 2,32,910. Despite the rebound, gold ended Q2 2026 with a 13.5% decline, its worst quarterly performance in 13 years, and silver fell nearly 20% during the quarter. Traders are pricing around a 65% probability of a 25-basis-point rate hike in September per the CME FedWatch Tool.