gold and silver prices
On Wednesday, gold and silver futures opened with gains on MCX. The weak data from America showed that people’s spending is decreasing and the pace of the economy may slow down. For this reason, it is expected that the Federal Reserve may adopt a soft stance regarding interest rates.
In today’s session, MCX silver future for March 5, 2026 jumped by 3% by Rs 6,970 and reached Rs 2,59,418 per kg. Whereas gold for delivery on April 2, 2026 increased by Rs 1,633 or 1% to Rs 1,58,436 per 10 grams.
What happened in the international market?
The prices of gold and silver also increased in the world market. US government bond yields fell as retail sales growth stopped in December. This indicated that the American economy was weakening a bit. Spot gold rose 0.3% to $5,038.73 an ounce. US gold futures for April delivery rose 0.6% to $5,060.60 an ounce. Spot silver rose 1% to $81.49 an ounce, after falling more than 3% in the previous session.
How to trade in gold-silver?
According to Jigar Trivedi of IndusInd Securities, after the weak data from America, the expectations of Fed’s soft stance have increased, due to which gold has strengthened above $ 5,040 an ounce. Now the market expects that the Fed may cut interest rates three times this year, whereas earlier two cuts were expected.
Central banks are continuously buying gold, which is providing support to the prices. The Central Bank of China (PBoC) has increased the purchase of gold for the 15th consecutive month in January. Apart from this, increasing tension between America and Iran is also supporting the price of gold. According to Trivedi, if the international market remains strong, MCX Gold April future may remain high around Rs 1,58,000 per 10 grams.
Gold price in physical market
gold rate in delhi
- 22 carat gold – Rs 1,16,568 per 8 grams
- 24 carat gold – Rs 1,27,152 per 8 grams
gold rate in mumbai
- 22 carat gold – Rs 1,14,448 per 8 grams
- 24 carat gold – Rs 1,27,033 per 8 grams
gold rate in chennai
- 22 carat gold – Rs 1,16,632 per 8 grams
- 24 carat gold – Rs 1,27,240 per 8 grams
gold rate in hyderabad
- 22 carat gold – Rs 1,16,448 per 8 grams
- 24 carat gold – Rs 1,27,032 per 8 grams
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