World · India Bureau
Gold, silver surge on MCX amid renewed investor demand
Precious metals extended gains on India's Multi Commodity Exchange on Monday, with gold climbing above Rs 1,44,000 per 10 grams and silver posting stronger momentum. The rally reflects sustained bullish sentiment across the commodity markets.
LSN India ·
Gold and silver prices climbed higher on the MCX as investors continued to show interest in traditional safe-haven assets. December gold futures rose to Rs 1,44,400 per 10 grams, extending the recovery that has gathered pace in recent sessions. The precious metal has maintained strength as global economic uncertainties keep buyers engaged.
Silver demonstrated particularly robust performance, touching Rs 1,89,399 per kilogram and outpacing gold with a gain of approximately 2.3 percent. The white metal's stronger showing reflects growing demand across both investment and industrial sectors, providing support to prices at elevated levels.
The dual advance in gold and silver underscores the resilience of precious metals markets in India despite fluctuations in global commodity prices. Traders have been monitoring international cues closely, with shifts in currency valuations and broader economic indicators influencing trading patterns on Indian exchanges.
The momentum in both metals suggests continued investor appetite for portfolio diversification through precious metals, a trend that has remained evident throughout recent market sessions.