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Gold and silver prices declined in India’s domestic futures market on Tuesday, with MCX gold futures falling ₹676 and silver futures dropping ₹5,400. Weak global cues, a strong dollar, and profit-booking after record highs contributed to the decline.
MCX Gold and Silver See Volatility; Investors Advised Caution
New Delhi: Gold and silver prices have been fluctuating steadily in the domestic futures market for the past few days. These precious metals once again came under pressure on Tuesday. Both gold and silver prices on the Multi Commodity Exchange (MCX) traded lower than their previous close, raising investor caution.
Gold futures with April 2, 2026 expiry on MCX opened at ₹1,56,001 per 10 grams on Tuesday. Previously, the contract had closed at ₹1,58,066 per 10 grams. At around 9:55 am, gold was trading at ₹1,57,390, a decline of approximately ₹676 from its previous closing price.
Although gold touched a high of ₹1,58,070 in early trade, it failed to sustain there and succumbed to selling pressure.
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According to market experts, weak signals from international markets, a strengthening dollar, and profit-booking after recent record highs are keeping gold prices under pressure. Furthermore, uncertainty surrounding global interest rates is also making investors cautious.
Silver prices also witnessed weakness on Tuesday. Silver futures with March 5, 2026 expiry on MCX traded at around ₹2,57,150 per kg. This represents a decline of approximately ₹5,400 from the previous close.
Although silver reached a high of ₹2,60,527 in the opening session, selling pressure later took over.
Weak demand in international markets and pressure on industrial metals are clearly impacting silver prices. Investors are currently adopting a safe-haven strategy due to fears of a global economic slowdown.
Silver prices in the spot market across major cities across the country were approximately as follows:
10 grams of silver: ₹2,900 to ₹3,000
100 grams of silver: around ₹29,000
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Spot gold rates also experienced slight fluctuations.
24-carat gold: ₹1,57,900 to ₹1,59,060 per 10 grams
22-carat gold: ₹1,44,750 to ₹1,45,800 per 10 grams
18-carat gold: ₹1,18,440 to ₹1,25,300 per 10 grams
Experts believe that volatility in gold and silver prices may persist in the coming days. Global economic data, the dollar index, and interest rate decisions will determine price direction. Long-term investors may find opportunities to buy slowly on dips, while short-term investors are advised to remain cautious.
