Gold and silver prices recorded marginal fluctuations in early trade on the Multi Commodity Exchange (MCX), reflecting ongoing volatility driven by global market uncertainty and shifts in domestic demand.
In morning trade at around 10:20 AM, gold prices declined by approximately ₹40 per 10 grams, while silver prices also moved lower by more than ₹400 per kilogram. The price movement indicated continued intraday volatility, keeping investors cautious.
Gold prices registered a marginal decline in early trade. On the MCX, gold was trading at around ₹1,49,300 per 10 grams, reflecting a drop of approximately ₹39 per 10 grams during the initial session. During the trading period, gold recorded a low of ₹1,49,228 and a high of ₹1,49,950, indicating persistent volatility. Prices later showed a slight recovery, resulting in marginal improvement.
Silver prices exhibited comparatively higher volatility during the session. In morning trade, silver was trading at approximately ₹2,43,707 per kilogram, with a decline of about ₹188 per kilogram. During the day, silver recorded a low of ₹2,42,907 and a high of ₹2,44,326. Prices subsequently showed a brief recovery.
According to market participants, the ongoing fluctuations in gold and silver prices are influenced by multiple factors, including global economic uncertainty, movements in the dollar index, demand and supply dynamics in international markets, and investor allocation toward safe-haven assets.
