Gold and Silver Prices Rise After One-Day Dip: Silver Jumps ₹4,000, Gold Gains Too

New Delhi: After a one-day fall, gold and silver prices are back on the rise today. On Thursday, silver in Delhi’s bullion market had plunged by ₹12,500, while gold fell ₹900. However, trading resumed with gains for both precious metals.

Silver Sees Strong Recovery
On MCX, silver surged by nearly ₹4,000. The 5 March delivery of silver had closed at ₹2,43,324 per kg in the previous session and opened today at ₹2,45,600. During early trading, it touched a high of ₹2,47,247 and a low of ₹2,43,670. By 11:35 AM, silver was trading at ₹2,47,160 — up ₹3,836 or 1.58% from the previous close.

Gold Also Gains
Gold prices also moved higher today. The 5 February delivery of gold had closed at ₹1,37,742 per 10 grams in the previous session and opened at ₹1,37,997. Early trading saw a low of ₹1,37,729 and a high of ₹1,38,380. By 11:42 AM, gold was trading at ₹1,38,335 — up ₹593 from the previous close.

Thursday’s Price Dip Explained
On Thursday, silver fell sharply by ₹12,500 to ₹2,43,500 per kg in Delhi’s bullion market, while gold dropped ₹900. The 99.9% pure gold rate fell to ₹1,40,500 per 10 grams from ₹1,41,400. Reduced demand for safe-haven investments and stable dollar trends contributed to the decline.

After this brief dip, investors and traders are now seeing renewed buying interest, driving today’s rally in gold and silver prices.