Gold and silver markets opened today with mixed movements, reflecting both domestic and global economic pressures. In India, gold prices saw a slight dip, with 24K gold trading around ₹14,984 per gram, while 22K gold hovered near ₹13,735 per gram. On the Multi Commodity Exchange (MCX), gold futures remained above ₹1.50 lakh per 10 grams, showing resilience despite the minor correction. Silver, on the other hand, held steady at approximately ₹2.50 lakh per kilogram, with futures climbing by ₹700 per kg, signaling investor confidence in the white metal.
Globally, spot gold is trading near $4,650 per ounce, while silver is around $72.7 per ounce. The strengthening of the US dollar and rising bond yields have capped gains in precious metals, though silver’s stability suggests strong industrial demand. Crude oil prices crossing $115 per barrel have added further pressure, influencing investor sentiment across commodities.
For buyers, the current dip in gold offers an attractive entry point, particularly for jewelry purchases, while silver’s steadiness makes it appealing for long-term investment. Analysts note that the Reserve Bank of India’s upcoming rate decision could play a pivotal role in shaping the short-term trajectory of both metals. Overall, today’s market reflects cautious optimism, with gold adjusting to global cues and silver maintaining its ground as a reliable hedge against volatility.
