MCX gold prices opened sharply lower and slipped below the crucial ₹1.45 lakh per 10 gram mark, while silver prices cracked more than 3% amid weak investor sentiment.
Gold and silver prices witnessed a sharp correction after touching record highs, with MCX futures crashing heavily. Profit booking, a stronger US dollar, and budget-related caution triggered volatility, raising questions about whether gold can recover next week.
Gold and silver prices continued their record-breaking rally as safe-haven demand surged amid geopolitical tensions, a firm US Federal Reserve stance, and a weaker dollar. In India, gold crossed ₹1.75 lakh per 10 grams, while silver breached ₹4 lakh per kg for the first time.
Gold and silver prices surged sharply in India’s futures market on January 28. MCX gold jumped over ₹3,500 per 10 grams, while silver gained more than ₹20,000 per kg, making precious metal purchases costlier for buyers.
Gold prices in India have witnessed a sharp weekly rise, with 24-carat gold gaining ₹16,480 per 10 grams, while silver surged ₹40,000 per kilogram. Strong global cues, record international prices, and expectations of US Fed rate cuts have boosted demand for safe-haven assets.
Gold and silver prices rallied sharply in futures trade amid a weak US dollar and rising geopolitical tensions. On Multi Commodity Exchange, gold surged by Rs 2,885 per 10 grams to hit an intraday high, while silver touched a fresh lifetime peak of Rs 3,39,927 per kg.
Gold and silver prices surged sharply in Indian markets amid rising global uncertainty and tariff tensions. Strong safe-haven demand pushed gold up over 3.5 percent, while silver also gained, signaling cautious investor sentiment worldwide.
Gold prices edged lower at the start of the new week in the domestic market, bringing mild relief to buyers. Despite the dip, gold has posted strong weekly gains. Silver prices also declined, though the metal remains significantly higher on a year-to-date basis.
Gold prices continued their weekly uptrend in India, rising ₹3,320 for 24-carat gold, while silver witnessed a sharp surge of ₹35,000 per kilogram. Strong global cues, easing inflation data, and expectations of interest rate cuts boosted demand for safe-haven assets.
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