Overview
- On MCX, silver March futures fell by Rs 4,027 to Rs 2,87,550 per kg, while gold February futures slipped Rs 520 to Rs 1,42,601 per 10 grams as traders booked profits.
- Physical markets stayed elevated, with spot silver marking a fresh all‑time high near Rs 2,95,100 per kg and 24K gold quoted around Rs 1,43,400 per 10 grams in major Indian cities.
- Internationally, gold eased to roughly $4,600 per ounce after setting a record earlier in the week, and silver pulled back to about $90–$91 after a recent peak near $93.6.
- Analysts cited profit‑taking, dollar strength after lower‑than‑expected US jobless claims, and reduced safe‑haven demand on easing US‑Iran tensions as the main drivers of the pullback.
- Near‑term views remain mixed, with technicians flagging volatility and noting silver’s key levels around Rs 2,85,000–2,92,000, while a sustained breakout could target Rs 3,00,000 per kg.