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Gold futures on the MCX surged Rs 791 to Rs 1,21,313 per 10 grams on Thursday, supported by firm global cues and a weaker dollar. Silver followed suit, gaining Rs 1,251 per kg as global prices rose above USD 4,000 per ounce

Gold prices slipped on Tuesday as a stronger US dollar and waning expectations of further Fed rate cuts prompted investors to book profits. Analysts cited easing US-China tensions and China’s new tax policy as added pressure on bullion demand

Gold surged to a record Rs 1.17 lakh per 10 grams on the MCX, tracking global gains as investors sought safe-haven assets amid looming US government shutdown risks, fresh tariffs, and expectations of Federal Reserve rate cuts. Silver also hit lifetime highs

Gold prices hit a record high of ₹1,05,937 per 10 grams on MCX, driven by global bullish sentiment, festive demand, and US rate cut expectations. Comex gold also soared to a lifetime high, further fueling domestic market momentum

Silver has recently delivered strong performance, rising over 40% year-to-date and surpassing ₹100,000 domestically, driven by safe-haven buying and solid industrial demand, according to a report by Motilal Oswal Financial Services Ltd (MOFSL).

Total quantity of 22,863 MT of base metals has been delivered during Q1 FY21-22 compared to 21,028.5 MT in Q1 FY20-21 through the exchange mechanism.

Currently, the February contract of gold on the MCX is trading at Rs 49,109 per 10 gram, higher by Rs 142 or 0.29 per cent from its previous close.

The February contract of gold on the MCX is currently trading at Rs 50,318 per 10 gram, higher by Rs 245 or 0.49 per cent from its previous close.