Mumbai, Jan 19 (IANS) Silver prices surged to a fresh lifetime high on the Multi Commodity Exchange (MCX) on Monday, with the precious white metal touching the Rs 3 lakh per kg mark during the intra-day session.The rally was driven by strong safe-haven demand amid rising global uncertainties. The rally in silver came alongside fresh record highs in gold.The silver futures contract on MCX for March 2026 expiry opened with a strong upside gap at Rs 2,93,100 per kg and quickly extended gains to hit…
Latest Multi Commodity Exchange News & Updates
Mumbai, Jan 8 (IANS) Silver prices fell sharply on Thursday as selling pressure increased ahead of the annual rebalancing of global commodity indexes and the release of key US economic data.On the Multi Commodity Exchange (MCX), silver dropped nearly 3.5 per cent to trade below Rs 2,42,000 per kilogram during the session.The decline came after passive investment funds were expected to reduce their holdings in precious metals futures to match new index weightings.The selling is seen as heavier th…
New Delhi, Jan 5 (IANS) Gold and silver prices started the week on a strong note on Monday as rising global tensions pushed investors towards safe-haven assets.Precious metals witnessed sharp gains after a US military operation in Venezuela over the weekend added fresh uncertainty to the global geopolitical landscape.On the Multi Commodity Exchange (MCX), February gold futures opened higher at Rs 1,36,300 per 10 grams, compared to the previous close of Rs 1,36,761.Prices continued to climb durin…
Mumbai, Dec 26 (IANS) Gold prices extended their winning streak for the fourth straight session on Friday, hitting fresh record highs in both domestic and global markets as investors continued to rush towards safe-haven assets amid expectations of US interest rate cuts and rising geopolitical tensions.On the Multi Commodity Exchange (MCX), gold futures for February delivery climbed another 1 per cent to a new all-time high of Rs 1,39,550 per 10 grams, moving closer to the Rs 1.4 lakh mark.This m…