Overview
- On MCX, March silver fell Rs 4,027 to Rs 2,87,550 per kg, ending a five-day surge, while February gold slipped to Rs 1,42,601 per 10 grams.
- In overseas trade, Comex silver eased to about $90.41 per ounce and gold to roughly $4,601.8 after setting records earlier in the week.
- Market participants pointed to a firmer greenback after lower U.S. jobless claims and softer safe-haven flows following President Donald Trump’s tempered stance on Iran.
- Physical bullion prices in India stayed elevated, with 24-carat gold near Rs 1,43,400 per 10 grams across major cities and Delhi silver later marking a fresh peak around Rs 2,92,600 per kg.
- Analysts said expectations of future Federal Reserve rate cuts and steady domestic buying continue to support the medium-term outlook despite heightened volatility.