Mumbai, March 25 (IANS) Gold and silver prices witnessed a strong surge on Wednesday amid easing tensions in the West Asia conflict.On the Multi Commodity Exchange (MCX), gold futures (April 2) advanced as much as Rs 5,658 or about 4 per cent to an intraday high of Rs 1,44,570 per 10 grams by 10:26 am. The yellow metal was later trading at Rs 1,44,410, up Rs 5,498 or 3.96 per cent.Similarly, silver futures (May 5) jumped around 6 per cent or Rs 13,228, hitting an intraday high of Rs 2,14,500 per…
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Mumbai, March 24 (IANS) Gold and silver prices witnessed a sharp decline on Tuesday, even as hopes of de-escalation in the West Asia conflict weighed on safe-haven demand after the US President announced a temporary pause on potential strikes targeting Iran’s energy infrastructure.On the Multi Commodity Exchange (MCX), gold futures (April 2) fell as much as Rs 2,576 or around 2 per cent to hit an intra-day low of Rs 1,36,684 per 10 grams by 10:40 am. The yellow metal was last trading at Rs 1,3…
Mumbai, March 20 (IANS) Gold and silver on Friday witnessed a substantial rise in prices, with both precious metals gaining 3 per cent amid hopes of easing tensions in West Asia.On the Multi Commodity Exchange (MCX), gold futures (April 2) touched an intra-day high of Rs 1,48,302 per 10 grams at around 10:45 am, up 2.30 per cent or Rs 3,348. During the session so far, gold hit a low of Rs 1,47,401. At the last count, the yellow metal was trading at Rs 1,47,534, up Rs 2,580 or 1.78 per cent.Simil…
Mumbai, March 19 (IANS) Gold and silver prices witnessed a sharp fall on Thursday following the US Federal Reserve’s latest policy decision announced overnight, even as escalating geopolitical tensions in the Middle East kept bullion in focus.On the Multi Commodity Exchange (MCX), gold futures (April 2) were trading around 1 per cent, or Rs 1,313, lower at Rs 1,51,712, hitting an intraday low at around 10:22 am. Similarly, silver futures (May 5) declined to Rs 2,43,083, down 2 per cent or Rs 5…
New Delhi, March 17 (IANS) Gold and silver prices rose on Tuesday ahead of the US Federal Reserve’s policy meeting, with both precious metals gaining in early trade amid cautious investor sentiment.On the Multi Commodity Exchange (MCX), gold futures (April 2) were trading at Rs 1,57,145 per 10 grams at around 10 am — up Rs 1,409 or around 1 per cent. During the session so far, gold touched an intraday low of Rs 1,56,649, indicating a firm but range-bound trend.Meanwhile, silver contracts for …
Mumbai, March 7 (IANS) Precious metals – gold and silver – maintained their bullish momentum this week, as escalating geopolitical tensions in the Middle East spurred safe-haven buying and heightened volatility across the broader commodities basket.Despite intermittent intra-day pullbacks and profit-taking, the trend structure for precious metals remains decisively bullish.Gold futures (April 2) on MCX extended their upward trajectory, breaking the Rs 1,65,000 resistance and trading at Rs 1,…
New Delhi, Feb 28 (IANS) Gold and silver prices are expected to open sharply higher on Monday as escalating tensions between Israel and Iran push investors towards safe-haven assets, market experts said on Saturday.Experts believed that rising uncertainty following Israel’s “preventive” strikes on Iran could drive investors towards gold and silver, boosting prices further.Tehran was rocked by massive explosions on Saturday after Israel launched what it described as “preventive” missile…
Mumbai, Feb 24 (IANS) Gold and silver prices retreated on Tuesday, amid uptick in US dollar and profit‑taking after huge gains in previous session.Investors weighed in tariff uncertainty and ongoing US-Iran peace talks which capped the decline in prices.MCX gold April futures dipped 0.58 per cent to Rs 1,60,664 per 10 grams around 10.50 am on an intraday basis. Meanwhile MCX silver March futures declined 0.33 per cent to Rs 2,64,450 per kg.On Comex, gold futures for April delivery fell 1.1 per…
Mumbai, Feb 23 (IANS) Gold and silver prices surged significantly on Monday, amid growing geopolitical tensions and the US dollar’s steep fall.MCX gold April futures gained 1.83 per cent to Rs 1,59,749 per 10 grams on an intra-day basis. Meanwhile, MCX silver March futures gained 5.10 per cent to Rs 2,65,836 per kg.Earlier in the day, gold had jumped 2 per cent while silver soared 6 per cent. Analysts attributed the surge to geopolitical tensions as US President Donald Trump’s 10-day deadline fo…
New Delhi, Feb 10 (IANS) Gold and silver prices dipped moderately on Tuesday due to a stronger dollar and profit booking, even as geopolitical uncertainties extended medium-term support to precious metals.MCX gold February futures dipped 0.33 per cent to Rs 1,57,550 per 10 grams on an intra-day basis. Meanwhile, MCX silver March futures declined 1.92 per cent to Rs 2,57,567 per kg.Earlier, silver prices dipped over 2 per cent to its day’s low of Rs 2,57,100 per kg and gold prices dipped 1.3 per …