Gold and silver prices traded with heightened volatility on Friday, pressured by weak global market cues and growing investor concerns over persistent inflation.
The mixed trading session on India’s Multi Commodity Exchange (MCX) reflects broader uncertainty as market participants weigh the impact of rising US Federal Reserve rate hike expectations on precious metals.
26% higher to ₹1,40,718 per 10 grams, while silver prices remained volatile amid tepid spot market demand.
MCX gold August futures edged 0.26% higher to ₹1,40,718 per 10 grams, while silver prices remained volatile amid tepid spot market demand.
The price action underscores the ongoing tension between safe-haven demand and the opportunity cost of holding non-yielding assets as interest rate expectations shift.
This volatility follows a period of sustained pressure on precious metals, with Comex gold and silver futures extending losses for three consecutive sessions earlier in the week.
The previous decline was driven by a strengthening US dollar and rising market expectations of a Federal Reserve interest rate hike, according to recent Handelsavisen coverage.