Expectations of higher US interest rates and a stronger dollar outweighed geopolitical concerns, sending gold prices sharply lower
In the international market, too, gold and silver futures were trading with losses
Gold and silver futures opened lower on MCX and Comex, extending volatility in bullion after prices had earlier retreated from sharp record highs this year
Gold recovers after a weak start on domestic exchange; Comex futures trade lower
Gold sold off not because the war became less threatening, but because the war was making the Fed's job harder.
MCX Silver opened with a slight gap up and is trading within the ₹280,000-₹282,000 zone, sustaining well above the ascending trendline as bullish momentum builds
Bullion rose more than 3 per cent to its highest level since March 19
Share price of MCX rallied 5% to ₹2,675 on the BSE in Tuesday's intra-day trade, and was quoting close to its all-time high of ₹2,706 touched on January 29, 2026.
Gold prices declined Rs 853 to Rs 1.62 lakh per 10 grams in futures trade on Wednesday tracking a bearish sentiment in the international markets amid mixed signals surrounding the ongoing conflict in West Asia. According to the Multi Commodity Exchange, the yellow metal for April delivery depreciated by Rs 853, or 0.52 per cent, to Rs 1,62,450 per 10 grams in a business turnover of 7,529 lots. Analysts said the recent gains in the precious metal prices faded as developments surrounding the conflict involving the US, Israel and Iran remained uncertain, keeping the investors cautious. In the international markets, gold futures on the Comex for April delivery slipped USD 30.15, or 0.58 per cent, to USD 5,211.95 per ounce. "Part of the gains faded amid conflicting developments surrounding the ongoing US-Israel conflict with Iran. The evolving geopolitical situation continues to cloud the outlook for Washington's monetary policy, particularly expectations for potential interest rate cut
Gold futures for April delivery edged higher to ₹1,56,050 per 10 gram on the MCX during the morning session, while silver futures for March delivery rose to ₹2,44,901 per kilogram
MCX and NSE said have removed an extra 3 per cent margin on all gold futures contracts and 7 per cent on all silver futures contracts, starting today. The move is expected to ease margin requirements
Gold and silver futures opened sharply lower ahead of the Union Budget 2026, retreating steeply from record highs amid profit booking in domestic and international markets
Spot gold surged solidly higher on safe haven demand as trade war intensified with the Trump Administration looking into imports of computer chips, chip making equipment and pharmaceuticals
The bank also noted a surge in gold ETF inflows, driven by fears of a recession, with its economists assigning a 45 per cent probability to a US recession in the next 12 months
Spot gold was up nearly 2 per cent at $3,235.89 an ounce at 2:32 p.m. ET (1832 GMT), after hitting a record high of $3,245.28 earlier in the session
Presently, gold is not affected by the traditional drivers. Traders are focusing rather on uncertainties over the US Presidential election outcome and possibility of resurgence of inflation in
US yields and the US Dollar Index surged on no recession talks, which sent the yellow metal to $2547 in today's Asian session.
Spot gold was trading with a loss of around 0.45 per cent at $2,570 at the time of the MCX closing. The MCX October gold contract closed at Rs 73,150 (LTP), down 0.49 per cent.
Spot gold traded with a bearish bias on Tuesday as most of the commodities were under pressure due to the rise of far-right parties in the recently concluded European elections
Gold outlook: Gold continues to see a buying support into the dips around $2,300. Support is at $2,352/$2,325/$2,317