Gold, Silver Rebound as Global Cues Lift Prices; MCX Gold Gains Rs 4,600, Demand Rises at Lower Levels

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Gold rate today moved up strongly after recent falls. MCX gold price crossed Rs. 1.48 lakh per 10 grams in early trade. Silver price also rose sharply and jumped by 6%. Both metals showed a strong bounce after heavy selling in the last few days.

Gold futures on the Multi-Commodity Exchange opened much higher. April gold contracts started near Rs. 1,48,000 per 10 grams. The previous close stood close to Rs. 1,41,669. Silver futures for March opened at about Rs. 2,45,711 per kilogram, higher than the earlier close of Rs. 2,36,261. Buying interest stayed strong after the market opened.

MCX Gold and Silver See Strong Early Gains

MCX gold price gained over Rs. 4,600 and traded near Rs. 1,48,676 per 10 grams. MCX silver jumped more than Rs. 17,700 and reached around Rs. 2,54,005 per kilogram. The rise showed strong demand at lower levels.

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Global markets helped support prices. Gold prices rose more than 3% in overseas trade. The metal recovered after touching a near one month low in the previous session. Traders reacted to fewer global economic updates due to a partial shutdown in the United States. With limited data, investors focused on safety and price levels.

Global Cues Lift Precious Metal Prices

Spot gold price climbed close to 3.7% and traded near $4,837 per ounce. US gold futures also moved higher and reached around $4,859 per ounce. Silver prices in the global market jumped nearly 6% and moved above $84 per ounce.

Last week, gold and silver touched record highs. Gold crossed $5,590 per ounce, while silver moved above $121 per ounce. After these highs, many traders booked profits. This caused sharp falls in prices. The current rise shows buyers returning after the correction.

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Outlook Remains Volatile Despite Recovery

Experts say prices may stay unstable for some time. Gold prices continue to hold above key support levels. Buying interest appears strong on price dips. The Rs. 1,43,000 to Rs. 1,45,000 range remains important for MCX gold. A clear move above Rs. 1,50,000 may lead to higher prices ahead.

Silver prices also remain volatile. Strong demand from industries such as solar power and electronics supports long-term growth. Short-term movement may remain uneven due to sharp buying and selling.

Gold price today reflects a recovery phase after sharp losses. Silver price shows a strong bounce but still faces swings. Precious metals may continue to move up and down in the near term as markets react to global and domestic factors.

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