Gold, Silver Rate Today LIVE: Gold and silver prices on the Multi Commodity Exchange of India (MCX) opened sharply higher on Tuesday, following gains in international bullion prices.
MCX gold rate today for April futures contracts opened 2.78% higher at ₹1,48,000 per 10 grams level as against its previous close of ₹1,41,669 level. The yellow metal price surged as much as 3.8% to ₹1,49,485 level.
MCX silver price for March futures contracts opened 4% higher at ₹2,45,711 per kg as compared to its previous close of ₹2,36,261 level. MCX silver rate jumped nearly 9% to ₹2,57,480 level.
Global Gold, Silver Prices
Gold and silver prices in the international market resumed their rally, recovering some of the losses seen in previous sessions, amid absence of key economic data this week due to a partial US government shutdown.
Spot gold price rallied 3.7% to $4,837.16 per ounce, after touching a near one-month low in the previous session. US gold futures for April delivery climbed 4.5% to $4,859.30 per ounce. Spot silver price rose 5.9% to $84.09 an ounce.
Market sentiment remains cautious as precious metals and the dollar have all whipsawed since the US President Donald Trump’s nomination of Kevin Warsh to lead the Federal Reserve.
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