New Delhi: On Monday, the precious metals Gold and silver prices have climbed then without last week's crash. The yellow and white metal prices in India shot up sharply, with gold climbing increasingly than Rs 3,000 and silver rising tropical to Rs 11,000.
What is the price of gold and silver?
The MCX silver futures expiring on March 5, 2026, gained by 4 per cent, rising Rs 10,000 to reach Rs 2,59,887 per kg. At the same time, gold futures for April 2, 2026 wordage increased by Rs 3,049, or 2 per cent, to trade at Rs 1,58,500 per 10 grams.
The forfeit of 24 carat gold stood at 1,58,990 per 10 grams, while 22 carat gold was priced at Rs 1,45,750 per 10 grams and silver was trading at 2,85,000 per kilogram.
Why there is transpiration in rates?
Gold and silver extended gains as the dollar weakened, with investors pensile a key US labour market report later this week to assess the future path of interest rates.
According to analysts, the major reasons overdue changes are:
- Weakness in the prices of gold and silver in the international market.
- The strengthening of the US dollar, which put pressure on demand for precious metals.
- Speeding up the process of withdrawing profits by investors.
- When the dollar strengthens, spending by foreign buyers increases and this reduces demand for unscratched investments like gold and silver.
How much lower are the prices from their record highs?
Gold and silver touched their record highs on January 29. According to MCX, the record upper level for gold is Rs 1.93 lakh, while the record upper price for silver is Rs 4.20 lakh.
