Business
Gold Steady at ₹1.54 Lakh, Silver Weakens Further
Precious Metals Trade Mixed Amid Weakness in Silver Futures on MCX
In the Indian bullion market, Gold prices remained largely unchanged on Tuesday, while Silver witnessed a decline in both spot and futures trading.
Twenty-four carat gold was trading flat at ₹1,54,330 per 10 grams in the domestic market. Meanwhile, silver prices slipped by 0.9 per cent to ₹2,76,050 per kilogram.
On the Multi Commodity Exchange of India (MCX), gold contracts for June delivery were trading marginally lower at ₹1,53,605 per 10 grams.
Silver futures for July delivery also remained under pressure, falling nearly 1.3 per cent to ₹2,74,815 per kilogram during the latest trading session.
Market analysts attribute the mixed movement in precious metals to global economic uncertainty, fluctuating dollar strength, and investor caution ahead of key international economic signals. While gold continues to hold firm as a safe-haven asset, silver prices have shown increased volatility due to industrial demand concerns and broader commodity market trends.
