Safe haven demand for gold during escalating geopolitical tensions due to the raging Iran war has not been strong enough to overcome the dollar strength and rate pressure
Silver, like gold, remains under acute downside pressure as hardening yields and fading rate-cut expectations reflect central banks' heightened vigilance against the spectre of inflation.
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.
At 10:48 AM, among others, DSP Silver ETF and Axis Silver ETF up 4 per cent each
At 9:23 AM, DSP Silver ETF climbed 0.32 per cent, UTI Silver ETF gained 0.27 per cent, and Groww Silver ETF rose 0.16 per cent
Following the Holi holiday, the month of March features two additional market holidays: Ram Navami on March 26 and Mahavir Jayanti on March 31
MCX share price: MCX shares are in focus as gold and silver prices jumped, supported by rising bullion demand amid ongoing geopolitical tensions
In the current scenario, gold may continue to range trade with traders seeking more geopolitical clues before committing themselves, said Praveen Singh, head currencies and commodities at Mirae Asset
China, being on holiday until February 23, has weakened the buying support in silver. However, geopolitical concerns continue to support.
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
BSE, Angel One and MCX shares fell up to 10% after RBI revised capital market exposure norms. JM Financial says new rules favour banks but tighten funding for brokers
In past one year, MCX shares have rallied 101 per cent, as compared to Sensex's fall of 3.4 per cent
Despite it being a non-working day, trading will continue in the equity and commodity markets on account of presentation of Union Budget 2026
Silver futures, which touched a peak of ₹4.2 lakh a kg on Thursday, fell 30% to ₹2.92 lakh in a day. Gold also weakened by 17.53%, but silver lost more. Are we seeing a 1980s redux?
Spot gold slumped to $5,104 before finding a bid. US equities slumping on tech spending and RoI concerns also weighed on the precious metals
In January so far, MCX spot silver has rallied 67 per cent and gold has gained nearly 32 per cent, according to data compiled by Bloomberg
Despite the sharp run, analysts expect silver prices to continue their upward march amid intermittent corrections, which they feel will be bought into by investors.
MCX stock has jumped 23 per cent post its 1:5 stock split earlier this month; and zoomed as much 207 per cent from its 52-week low of ₹882 touched on March 11, 2025.
MCX share price moved higher on Tuesday after the exchange reported strong financial performance for the December quarter of FY26 (Q3FY26).