Gold and silver prices traded higher on Thursday, extending their recovery as investors returned to precious metals amid persistent global uncertainty. On the Multi Commodity Exchange (MCX), gold was trading at around ₹1,44,850 per 10 grams, while silver was quoted at nearly ₹2,24,930 per kilogram, reflecting renewed buying interest after recent losses.
The rally was driven by a combination of easing crude oil prices, expectations of a softer US interest rate stance and a weaker dollar outlook. These factors enhanced the appeal of bullion as a safe-haven investment, encouraging traders to increase their exposure to gold and silver.
In the physical market, bullion prices also remained firm across major cities. Twenty-four-carat gold was priced at approximately ₹1,44,550 per 10 grams, while 22-carat gold traded around ₹1,32,500 per 10 grams. Silver prices also edged higher, with retail rates varying slightly across cities due to local taxes and dealer margins.
Market participants believe gold is gradually recovering after witnessing a sharp correction in June. However, analysts expect price movements to remain volatile as investors continue to track global economic data, inflation trends and signals from major central banks.
Silver, meanwhile, continued to attract buying support on hopes of improving industrial demand alongside its traditional appeal as a precious metal. Experts believe the metal could remain resilient if manufacturing activity picks up and global economic conditions stabilise further.