Gold and silver futures rose on the MCX on Monday, supported by firm global cues and easing concerns over US Federal Reserve rate hikes. Experts highlighted key resistance and support levels, while a stronger rupee limited gains from international prices.
Gold prices declined during the week after stronger-than-expected US jobs data boosted expectations of higher interest rates for longer. Silver witnessed steeper losses as rising Treasury yields and a stronger dollar reduced the appeal of precious metals and raised demand concerns
Silver prices fell to Rs 2.70 lakh per kg on MCX as rising crude oil prices, inflation concerns and a stronger US dollar weighed on sentiment. Global geopolitical tensions and tighter monetary policy expectations also added pressure on precious metals
Gold and silver prices remained volatile on Monday as rising tensions in West Asia, stronger US Treasury yields and persistent inflation concerns impacted global markets. While gold edged higher on MCX, silver stayed under pressure amid weaker investment demand and global uncertainty
Gold and silver prices rose on Thursday amid rising crude oil prices and growing tensions in West Asia. Gold crossed Rs 1.50 lakh on MCX during intra-day trade, while silver also gained strongly as investors reacted to global uncertainty and geopolitical developments
