Gold and silver markets saw strong momentum today, reflecting both global cues and domestic demand. On the Multi Commodity Exchange (MCX), gold futures climbed steadily, with prices hovering around ₹144,000–₹145,000 per 10 grams, while silver surged past ₹236,000 per kilogram, marking one of its sharpest single-day gains in recent weeks.
Internationally, spot gold traded near $4,600 per ounce, supported by a softer U.S. dollar and easing geopolitical tensions, which made bullion more attractive to investors. Silver followed suit, rising to about $74 per ounce, outperforming gold in percentage terms and narrowing the gold-silver ratio.
Market analysts point to several drivers behind today’s rally. A weaker dollar index has boosted buying interest, while inflationary concerns continue to push investors toward safe-haven assets. Additionally, festive demand in India, coupled with global uncertainty, has added to the upward pressure.
