Track the latest gold and silver prices here.
After sliding earlier in the week, gold and silver prices in India staged a strong comeback through Tuesday and Wednesday. The fresh surge was driven by renewed buying interest from investors after a few days of profit-booking. On the Multi Commodity Exchange (MCX), gold futures climbed sharply as sentiment improved following losses triggered by global market volatility and movements in the US dollar on February 3. Silver prices also picked up pace, posting solid intraday gains. However, prices dropped of both the metals dropped on Thursday.
Gold and silver futures: MCX gold April futures lost 1.40% as the price of 24 K gold deliverable on April 2 dropped to Rs 1,50,906.00 per 10 gram. Silver, too, lost 6% of its price in one day with the price of March deliverables of the white metal dropping to Rs 2,52,719 per kg.
Story continues below this ad
Why do gold and silver prices change every day? Gold and silver prices in India fluctuate daily due to a mix of global and domestic factors. Trends in international bullion markets and movements in the rupee–US dollar exchange rate play a major role in shaping local prices. Inflation expectations, interest rate changes, and broader economic uncertainty often boost demand for these metals as safe-haven investments. Geopolitical developments, along with routine shifts in supply and demand, also contribute to day-to-day variations in gold and silver rates.
Live Updates
Stay updated with the latest – Click here to follow us on Instagram
© IE Online Media Services Pvt Ltd