The April futures contract of gold on MCX opened lower by 0.04% or Rs 30 at Rs 83,253 per 10 gram on Tuesday, while the March futures contract of silver was trading lower by 0.06% or Rs 57 at Rs 94,200 per kg.
- Silver: The possibility of spot buying is increasing day by day
- Spot Gold Technical Analysis and Forecast [31-01-2025]
- Gold hits new record high of $2,800 after Trump imposes tariffs
- Union Budget 2025: Is Indian stock market open or closed on Saturday (February 1)?
- US Fed meeting: No change in rates, US markets fall after announcement
Gold prices rose significantly by Rs 3,100 per 10 gram in the last one week, while silver prices rose by Rs 4,000 per kg in the same period.
Gold and silver traded on a positive note in the domestic and international markets on Monday. The April futures contract of gold closed with a gain of 1.19% at Rs 83,283 per 10 gram, while the March futures contract of silver closed with a gain of 1.12% at Rs 94,257 per kg.
Gold and silver witnessed strong strength in the international and domestic markets amid global uncertainty due to US trade tariffs and gold hit its all-time high.
Global equity markets and crypto fell in the early trading session and the dollar index also crossed the 109 mark but held firm after the US deferred tariffs on Mexico and Canada for a month amid a potential trade deal. Today, the US dollar index, DXY, was hovering near 108.65 points, up 0.34 or 0.31%. “Gold and silver rose amid safe-haven buying and global uncertainty. Gold and silver may continue to rise amid buying from global central banks and safe-haven demand in the upcoming sessions.
The April futures contract of gold on MCX opened lower by 0.04% or Rs 30 at Rs 83,253 per 10 gram on Tuesday, while the March futures contract of silver was trading lower by 0.06% or Rs 57 at Rs 94,200 per kg.
Gold prices rose significantly by Rs 3,100 per 10 gram in the last one week, while silver prices rose by Rs 4,000 per kg in the same period.
Gold and silver traded on a positive note in the domestic and international markets on Monday. The April futures contract of gold closed with a gain of 1.19% at Rs 83,283 per 10 gram, while the March futures contract of silver closed with a gain of 1.12% at Rs 94,257 per kg.
Gold and silver witnessed strong strength in the international and domestic markets amid global uncertainty due to US trade tariffs and gold hit its all-time high.
Global equity markets and crypto fell in the early trading session and the dollar index also crossed the 109 mark but held firm after the US deferred tariffs on Mexico and Canada for a month amid a potential trade deal. Today, the US dollar index, DXY, was hovering near 108.65 points, up 0.34 or 0.31%.
“Gold and silver rose amid safe-haven buying and global uncertainty. Gold and silver may continue to rise amid buying from global central banks and safe-haven demand in the upcoming sessions.
“We expect gold and silver prices to remain volatile this week amid volatility in the dollar index and the U.S. trade war and ahead of the Bank of England policy meetings,”
