Tag: SilverPricesToday

Gold and silver prices in India recovered on Friday after a recent slump, driven by bargain hunting from investors. On the Multi Commodity Exchange (MCX), gold for April delivery rose about 1.3% to ₹1,54,800 per 10 grams, while silver for March delivery climbed around 2.2% to ₹2,41,800 per kilogram. Traders said the rebound reflects buying at lower levels after the sharp sell-offs earlier this week.

Despite the recovery, silver remains roughly 42% below its peak, highlighting the continuing volatility in the market. Analysts say the recent upswing is short-term, largely fueled by investors looking to seize value after prices dipped.

Global markets mirrored this trend. Spot gold rebounded nearly 1% to around $4,966 per ounce, while spot silver gained over 2%, recovering from earlier losses. However, strong US economic data, particularly employment figures, tempered hopes of imminent interest rate cuts, keeping precious metals under some pressure.

Market experts note that while prices are volatile, the long-term outlook for both gold and silver remains positive. Central bank buying and safe-haven demand continue to provide support. Additionally, inflows into gold and silver exchange-traded funds (ETFs) indicate steady investor interest.

For buyers, the current situation presents both opportunity and caution. Bargain hunting has fueled recent gains, yet overall prices are still far below previous highs, emphasizing the need for careful, measured investing in these metals.

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Gold and silver prices witnessed volatility in recent sessions after scaling record highs in the domestic market. Gold futures on the Multi Commodity Exchange (MCX) recently approached ₹2 lakh per 10 grams, while silver surged past ₹4 lakh per kilogram before witnessing profit-booking.

The pullback comes amid a firmer US dollar and shifting expectations around the US Federal Reserve’s rate trajectory. Stronger economic data from the US reduced immediate hopes of aggressive rate cuts, leading to some pressure on bullion prices. Market participants also trimmed positions after the sharp rally seen over the past few weeks.

Despite near-term fluctuations, analysts maintain a constructive outlook on precious metals. According to market experts, gold and silver could be entering a 3–5 year structural bull cycle supported by macroeconomic and sectoral fundamentals.

Central bank buying remains a key pillar for gold. Several global central banks continue to add to their gold reserves as part of diversification strategies, reinforcing long-term demand. Additionally, persistent geopolitical tensions and inflationary risks are sustaining gold’s appeal as a safe-haven asset.

Silver is benefiting from a dual demand dynamic. Alongside its role as a store of value, silver demand is being driven by industrial applications, particularly in renewable energy, electric vehicles, and electronics manufacturing. The expansion of clean energy infrastructure is expected to support medium- to long-term consumption trends.

Investment advisors recommend a disciplined approach. Rather than chasing elevated levels, investors are advised to accumulate on corrections. A strategic allocation of 5–10% of portfolio assets in precious metals is broadly considered prudent for diversification. Portfolios with disproportionately high exposure may warrant rebalancing.

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Gold prices in India witnessed a marginal rise on Wednesday, while silver prices edged lower. The price of 24-carat gold increased by ₹10, taking the rate of 10 grams to ₹1,58,790 in key markets such as Mumbai and Kolkata. In Delhi, gold was priced slightly higher at ₹1,58,940, while Chennai recorded ₹1,59,050 for the same quantity.

Similarly, 22-carat gold prices also moved up by ₹10. Ten grams of 22-carat gold were priced at ₹1,45,560 in cities including Mumbai, Kolkata, Bengaluru and Hyderabad. In Delhi, the rate stood at ₹1,45,710, while Chennai saw a slightly higher price of ₹1,45,790.

In contrast, silver prices softened during the session. The price of one kilogram of silver fell by ₹100 to ₹2,89,900 in Delhi, Mumbai and Kolkata. In Chennai, silver continued to trade at a premium, priced at ₹2,99,900 per kilogram.

Market participants attributed the mixed trend to cautious investor sentiment and global economic cues. Gold continues to attract steady demand as a traditional safe-haven asset, especially during periods of uncertainty. However, the gains remain limited due to fluctuating global factors and profit booking at higher levels.

Silver, which has both investment and industrial demand components, tends to experience sharper price movements. The slight dip reflects subdued buying interest in the domestic market.

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Gold and silver prices in the domestic market recorded marginal gains in early trade on Tuesday, tracking cautious global sentiment and steady investor demand. Twenty-four carat gold rose by ₹10 to trade at ₹1,57,920 per 10 grams, while silver gained ₹100 to settle at ₹3,00,100 per kilogram, according to latest commodity market data.

The slight uptick in prices comes at a time when global markets remain volatile, with investors closely monitoring upcoming economic data from the United States, including inflation and employment numbers. Movements in the US dollar and expectations around interest rate decisions have also influenced bullion prices.

Across major Indian cities, gold prices remained largely uniform. In Mumbai and Kolkata, 24-carat gold was priced at ₹1,57,920 per 10 grams, while Delhi saw prices slightly higher at around ₹1,58,070 per 10 grams. Chennai continued to quote gold at a premium, with prices touching ₹1,59,830 per 10 grams.

Prices of 22-carat gold, commonly used for jewellery, also moved up by ₹10. The yellow metal was trading at ₹1,44,760 per 10 grams in cities such as Mumbai, Kolkata, Bengaluru and Hyderabad. In Chennai, 22-carat gold was priced at ₹1,46,510 per 10 grams, while Delhi quoted the metal at ₹1,44,910.

Silver prices showed modest strength but remained range-bound. The white metal was trading at ₹3,00,100 per kg in key markets including Delhi, Mumbai, Kolkata and Chennai. Market participants noted that silver prices continue to witness volatility due to fluctuations in industrial demand and global commodity trends.

In the international market, precious metals were trading on a weaker note. Spot gold slipped to around $5,016 an ounce, easing from recent record highs, while spot silver also saw mild pressure.

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Gold prices in India remained firm above ₹1.50 lakh per 10 grams on Friday despite early selling pressure triggered by weak global cues. On the Multi Commodity Exchange (MCX), gold futures slipped marginally but held key support levels, supported by steady domestic demand.

Silver prices, which fell sharply in early trade, rebounded to around ₹2.35 lakh per kilogram as investors stepped in to buy at lower levels following the initial slump caused by profit-booking.

City-wise prices reflected the overall firmness in bullion markets. 24-carat gold traded above ₹1.54 lakh per 10 grams in major cities such as Delhi, Mumbai, Bengaluru and Kolkata, while Chennai quoted slightly higher rates. 22-carat gold hovered between ₹1.41 lakh and ₹1.43 lakh per 10 grams across key urban centres. Silver prices were largely steady across metros, trading in the range of ₹2.46–2.47 lakh per kilogram in cities including Mumbai, Delhi, Chennai and Bengaluru.

Market sentiment remained cautious as traders tracked global economic indicators, particularly upcoming US jobs data and interest-rate cues, which could influence precious metal prices in the near term.

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Gold and silver prices in India showed marginal gains on Thursday, offering some relief to buyers after sharp swings seen earlier this week. Retail bullion rates in major cities moved up slightly, while futures prices on the Multi Commodity Exchange (MCX) continued to reflect market volatility.

According to market data, the price of 24-carat gold rose by ₹10 to ₹1,59,450 per 10 grams, while 22-carat gold also gained ₹10, trading at around ₹1,46,160 per 10 grams. Silver prices increased by ₹100, with one kilogram priced at approximately ₹3,20,100 in key markets such as Delhi, Mumbai and Chennai.

City-wise prices remained largely stable across the country. In Chennai, 24-carat gold was quoted higher due to local taxes, while prices in Mumbai and Delhi stayed close to national averages. Traders said buying interest was seen at lower levels following recent corrections.

In contrast, MCX futures told a different story. Gold futures were trading well below recent highs, hovering around ₹1.51 lakh per 10 grams, while silver futures slipped sharply to nearly ₹2.44 lakh per kilogram. The decline in futures prices reflects continued nervousness among traders after a historic sell-off earlier in the week.

Market experts said the recent volatility was driven by global factors, including a stronger US dollar, changing expectations around interest rates, and profit-booking by investors after bullion touched record levels. Silver, which is more sensitive to industrial demand, has been especially volatile compared to gold.

Despite the small rise in today’s retail prices, analysts cautioned that the move appears to be technical and short-term, rather than a clear trend reversal. They added that precious metal prices are likely to remain sensitive to global economic data, currency movements and geopolitical developments in the near term.

For now, buyers and investors are advised to track international cues closely, as gold and silver markets continue to witness sharp intraday swings and uncertain direction.

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Gold prices in India edged higher on Wednesday, while silver saw a marginal decline, reflecting continued volatility in the precious metals market. According to latest market data, 24-carat gold rose by ₹10 to ₹1,53,940 per 10 grams, while silver prices fell by ₹100 to ₹2,79,900 per kilogram.

The modest rise in gold comes after a period of intense price fluctuations. In recent weeks, gold prices surged to record highs, driven by strong safe-haven demand amid global uncertainty. However, those gains were followed by bouts of profit-booking, leading to sharp intraday corrections. Despite these swings, gold continues to trade at historically elevated levels, signalling sustained investor interest.

Market participants said gold’s resilience is linked to ongoing concerns around global economic growth, currency movements, and geopolitical tensions. When uncertainty rises, investors often turn to gold to protect value, helping the metal recover quickly even after short-term corrections. Traders noted that buying interest remains intact, especially on dips, keeping prices supported above the ₹1.5-lakh mark.

Silver, meanwhile, showed mild weakness in today’s trade. After witnessing steep rallies earlier this year, at times nearing ₹3 lakh per kilogram, silver prices have been more volatile than gold. Analysts attributed the latest dip to profit-taking by traders and cautious sentiment after recent sharp moves. Changes in global trading margins and reduced speculative positions have also added pressure on silver prices.

On the Multi Commodity Exchange (MCX), both metals have seen wide intraday movements over the past few sessions, underlining nervous market conditions. Experts say silver, being both a precious and industrial metal, tends to react more sharply to changes in global demand outlook, making it more prone to sudden price swings.

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Gold and silver prices in India eased slightly on Tuesday after a week of sharp swings in domestic and global markets.

Gold for 10 grams slipped ₹10, trading near ₹1,53,160, while silver fell ₹100 to ₹2,99,900 per kilogram, according to market sources. The modest decline comes after both metals reached record highs earlier this week, followed by a sharp correction. Tuesday saw a small rebound as investors looked for buying opportunities at lower price levels.

Analysts said the current trend reflects a mix of domestic and international factors. The Union Budget 2026 has been a key driver, with traders cautious about possible changes in gold import duties and other policy measures affecting bullion demand. At the same time, international markets remain volatile, influenced by a stronger US dollar, changes in US interest rate expectations, and ongoing geopolitical developments.

Investor sentiment is mixed. Some market participants see the recent dip as an entry point for long-term buying, while others prefer a wait-and-watch approach, waiting for more clarity on both domestic and global cues.

City-wise, gold and silver prices showed minor variations, but the overall trend was a small decline from recent highs. Traders expect volatility to continue in the near term, as domestic investors digest the Budget announcements and international markets respond to global economic developments.

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Gold and silver prices remained weak on 2 February 2026, extending losses after a sharp correction from recent record levels amid volatile market conditions.

On the Multi Commodity Exchange (MCX), gold traded lower at ₹1,60,570 per 10 grams, slipping further as investors continued to book profits. Silver prices also declined to ₹3,49,900 per kilogram, reflecting sustained selling pressure following last week’s steep rally.

The decline comes after both metals touched historic highs, driven by strong global cues and safe-haven demand. However, the rapid rise was followed by an equally sharp pullback as traders chose to lock in gains, triggering heavy volatility across commodity markets.

The sell-off spilled over into the equity segment as well. Gold and silver exchange-traded funds (ETFs) extended their losses, with silver ETFs bearing the brunt of the fall. Some silver-linked funds dropped close to 20 per cent, while gold ETFs fell by up to 10–11 per cent, mirroring the sharp correction in underlying prices.

Market analysts attributed the weakness to profit-taking, global uncertainty and movements in the US dollar, which tends to influence prices of dollar-denominated commodities. They noted that prices had risen sharply in a short period, making a correction unavoidable.

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