Business
Bullion Market Witnesses Volatility Amid Global Economic Signals
Gold prices in the Indian bullion market remained marginally lower on Thursday, while silver witnessed a sharper decline of more than one percent. Trading activity on the Multi Commodity Exchange of India reflected mixed sentiment in precious metals amid global market fluctuations.
In the Indian bullion market on Thursday, 24-carat gold was trading marginally lower at Rs 1,62,840 per 10 grams, while silver prices fell 1.4 percent to Rs 2,96,800 per kilogram.
Market participants attributed the fluctuations in precious metal prices to changing global cues, movement in the US dollar, and investor sentiment surrounding inflation and interest rate expectations.
On the Multi Commodity Exchange of India (MCX), gold for the June contract was trading over 0.2 percent higher at Rs 1,62,567 per 10 grams during the latest trading session.
Meanwhile, silver for the July contract on the MCX was trading 1.2 percent lower at Rs 2,96,688 per kilogram when reports last came in.
Analysts noted that gold prices continue to remain sensitive to global economic indicators, central bank policy decisions, and geopolitical developments. Silver prices, which are influenced by both industrial demand and investment trends, also witnessed volatility during the session.
The precious metals market has experienced heightened movement in recent weeks as investors closely track global inflation trends, currency fluctuations, and expectations regarding interest rate policy in major economies.
