New Delhi: After a decline on Monday in international markets, gold and silver prices bounced back sharply on Tuesday, with silver witnessing a significant jump of around ₹12,000 and gold rising over ₹1,400.
Gold Prices:
On MCX, gold for 5 February delivery had closed at ₹1,34,942 per 10 grams in the previous session. Today, it opened at ₹1,36,000, hitting an intra-day high of ₹1,36,403 and a low of ₹1,35,292. As of 12:20 PM, gold was trading at ₹1,35,992, up ₹1,050.
Silver Prices:
Silver showed an even stronger rally. 5 March delivery silver had closed at ₹2,24,429 per kilogram yesterday and opened today at ₹2,31,100. Early trading saw silver surge to ₹2,36,991. As of 12:20 PM, it was trading at ₹2,36,551, up ₹12,122 or 5.4%. Previously, silver had crossed the ₹2.54 lakh per kg mark but closed slightly lower.
Sarafa Market Update:
In Delhi’s Sarafa (bullion) market, continued buying by traders led silver to hit a new peak of ₹2,40,000 per kilogram, a rise of ₹3,650, according to the All India Sarafa Association. On Friday, silver had closed at ₹2,36,350 per kg. Meanwhile, 99.9% pure gold saw a minor correction, dropping ₹500 from its record to ₹1,41,800 per 10 grams. However, in the previous trading session, gold had climbed ₹1,500, reaching a new record of ₹1,42,300 per 10 grams.
Investors and traders will closely watch the ongoing price momentum as we approach the end of 2025, with silver showing especially robust gains.
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