Silver & Gold Prices Surge on MCX | Latest Updates
- Gold and silver prices experienced notable gains on the Multi Commodity Exchange (MCX) on Monday, fueled by a weaker dollar and escalating geopolitical tensions.
- Gold futures for June 5 delivery jumped by ₹2,286, or 2.42%, to ₹96,930 per 10 grams, marking a three-week high.
- The gold contract's intraday high matched the closing price.
Gold and silver prices are on the rise! This Monday, both precious metals surged on the Multi Commodity Exchange (MCX) due to a weaker dollar and escalating geopolitical tensions. Gold futures hit a three-week high, jumping to ₹96,930 per 10 grams.Silver futures also performed strongly, surpassing ₹1 lakh per kg. The rupee’s appreciation by 16 paise further fueled this remarkable rally. Stay informed with News Directory 3 for the latest market updates and expert analysis, ensuring you’re always ahead of the curve. Discover what’s next for thes key commodities as analysts watch global economic indicators and the rupee’s ongoing performance.
Gold and Silver Prices Surge on MCX Amid Rupee Strength
Updated June 02, 2025
Gold and silver prices experienced notable gains on the Multi Commodity Exchange (MCX) on Monday, fueled by a weaker dollar and escalating geopolitical tensions. the surge occurred ahead of upcoming contract expirations.
Gold futures for June 5 delivery jumped by ₹2,286, or 2.42%, to ₹96,930 per 10 grams, marking a three-week high. This increase coincided with the rupee strengthening by 16 paise against the dollar,provisionally closing at 85.39.
The gold contract’s intraday high matched the closing price. The contract’s lifetime high is ₹99,358,while its lifetime low is ₹77,078.
Silver futures for July 4 delivery exceeded ₹1 lakh, climbing 3.37% from the previous close of ₹97,015 to reach ₹1,00,555 per kg.
The silver contract traded at ₹1,00,289 per kg at 8:15 PM, with intraday prices fluctuating between ₹97,122 and ₹1,00,555. Silver’s all-time high is ₹1,03,704, and its lifetime low is ₹88,050.
What’s next
Market analysts will be closely watching global economic indicators and geopolitical developments to gauge the future direction of gold and silver prices. The performance of the rupee against the dollar will also remain a key factor influencing domestic prices.