Gold price today: MCX gold rate close to ₹1.13 lakh per 10 gm; silver rate today above ₹1.34 lakh per kg
Gold and silver prices in India witnessed notable movement today, with MCX gold trading close to ₹1.13 lakh per 10 grams and silver rising above ₹1.34 lakh per kilogram. The surge in bullion prices is largely supported by global economic uncertainty, fluctuations in the US dollar, and strong demand from investors seeking safe-haven assets. Analysts suggest that the momentum in gold is being driven by inflation concerns, geopolitical risks, and central bank buying trends. Meanwhile, silver continues to gain traction due to its dual role as both a precious and industrial metal, benefiting from increasing demand in the green energy and electronics sectors. Domestic investors are closely tracking international price trends alongside the Indian rupee’s performance against the US dollar. Experts believe bullion may maintain an upward bias in the near term, though profit booking and volatility cannot be ruled out in the short run.
The Key points
- MCX gold trades near ₹1.13 lakh per 10 grams.
- Silver surpasses ₹1.34 lakh per kilogram in today’s trade.
- Rising prices driven by global economic uncertainty.
- Investors turn to bullion as a safe-haven asset.
- Dollar fluctuations influencing precious metal trends.
- Inflation concerns add strength to gold demand.
- Silver gains support from industrial and green energy use.
- Central bank purchases boost long-term outlook.
- Rupee-dollar movement impacts domestic bullion prices.
- Analysts caution on possible short-term volatility and profit booking.
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