Gold, Silver Price Today: Tuesday was a mixed day for the Indian bullion market. While the price of gold decreased in the national capital Delhi, the price of silver increased for the second consecutive day, taking it to the level of Rs 90 thousand. In futures trading, gold was trading rapidly on MCX and gold remained stable on Comex. Talking about silver, in futures trading it was trading weakly in both MCX and Comex.
Gold became cheaper, silver price increased for the 5th consecutive day
The price of gold in Delhi’s bullion market fell by Rs 100 on Tuesday to Rs 78,600 per 10 grams. In the last trading session on Monday, it had closed at Rs 78,700 per 10 grams. The price of gold with 99.5% purity also decreased by Rs 100 to Rs 78,200 per 10 grams. At the same time, the price of silver has increased by Rs 500 and reached Rs 90,500 per kg. Whereas last day it was Rs 90,000 per kg.
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Talking about futures trading, the price of gold for February 2025 delivery in Multi Commodity Exchange (MCX) is trading at Rs 76,179 per 10 grams with an increase of Rs 35 or 0.05 percent. At the same time, the price of silver for delivery in March 2025 declined by Rs 87 or 0.1 percent to Rs 89,031 per kg.
Talking about international markets, the price of one ounce of gold in Comex is stable at $ 2,628.30 per ounce. On the other hand, the price of silver is trading at $ 30.15 per ounce, down 0.13 percent compared to the previous trading session.
Pranav Mer, Vice President, Commodity and Currency Research, JM Financial Services, believes that during this week of less trading sessions, gold prices are trying to recover from last week’s decline, but due to the strength of the dollar in the overseas market, they will remain under pressure. The pressure is on.
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Saumil Gandhi, Senior Analyst, HDFC Securities, believes that the trading volume is low this week due to the Christmas holiday. He also said that the rise in the dollar on Friday has had a negative impact on precious metals.
These can affect the price of gold and silver
Mirae Asset Sharekhan’s Fundamental Currencies and Commodities Associate Vice President Praveen Singh said that gold is being traded in tandem with other commodities and is currently in a state of stability as there is less liquidity in the market. He said that investors are waiting for many important US data like Philadelphia Fed non-manufacturing and Richmond manufacturing indices. These figures can impact the prices of gold and silver in future.
