Gold and silver prices moved in different directions in India’s bullion and commodity markets on Thursday. Prices of gold on the Multi Commodity Exchange of India (MCX) recorded gains, while silver witnessed volatility during early trade. Rising global economic uncertainty and demand for safe-haven assets supported gold prices.
Market experts said movements in the US dollar, central bank policies and geopolitical tensions continued to drive fluctuations in precious metal prices in international markets.
At around 10:24 am, gold prices on the Multi Commodity Exchange of India (MCX) were trading near ₹1,62,758 per 10 grams. Gold recorded gains of about ₹572 to ₹638 per 10 grams. During the session, gold touched a low of ₹1,61,027 per 10 grams and a high of ₹1,63,055 per 10 grams. Analysts attributed the rise in gold demand to global economic uncertainty and increased investor preference for safe-haven investment options.
Silver prices showed a mixed trend during the session. Prices declined briefly during early trade before recovering later. At around 10:28 am, silver prices on MCX were recorded near ₹2,98,432 per kilogram. During the session, silver touched a low of ₹2,94,450 per kilogram and a high of ₹2,99,000 per kilogram. Earlier in the session, silver prices had declined by ₹1,738 per kilogram, with prices trading around ₹2,98,500 per kilogram. Later, buying activity supported a recovery in prices.
