Gold prices rebounded in domestic futures trade on Tuesday amid continued market volatility, supported by global demand and investor buying. On the Multi Commodity Exchange (MCX), gold was trading at ₹1,45,870 per 10 grams, up about 1%.
The recovery follows a sharp decline in the previous trading session, when gold fell about 1.60% to ₹1,44,920 per 10 grams. Buying interest returned on Tuesday, lifting gold back above the ₹1.45 lakh per 10 grams level during trading.
Silver prices remained largely unchanged on Tuesday. On the MCX, silver was trading steady at ₹2,39,900 per kilogram.
Gold and silver prices have witnessed continued volatility in recent sessions, influenced by global economic signals, movements in the US dollar, interest rate expectations, and investor sentiment.
According to market experts, improving demand for gold in international markets and increased investor buying supported prices. Gold is often viewed as a safe-haven asset during periods of global uncertainty, which can increase demand.
Gold prices are influenced not only by domestic demand but also by international factors, including the strength of the US dollar, central bank interest rate policies, inflation data, and geopolitical developments. A weaker US dollar generally supports gold prices by making the metal relatively cheaper for investors holding other currencies.
Expectations of interest rate cuts can also support demand for gold. Tuesday's gains reflected investor buying and the impact of global market cues.
In contrast, silver prices remained stable at ₹2,39,900 per kilogram on the MCX. Besides investment demand, silver is widely used in industrial applications, including electronics, solar panels, and other manufacturing sectors.
Silver prices are influenced by industrial demand, global economic growth, and investor activity, with these factors expected to determine future price movements.
