Breaking Update: Here’s a clear explanation of the latest developments related to Breaking News:Gold, Silver Rate Today LIVE: MCX gold rate near record high of ₹1.6 lakh; silver price jumps 8% to above ₹3.6 lakh– What Just Happened and why it matters right now.
Gold, Silver Rate Today LIVE: Gold price traded higher on safe-haven demand amid geopolitical uncertainty, while silver prices also hovered near all-time highs.
Spot gold price rose 1.1% to $5,068.05 per ounce, after scaling a record $5,110.50 the previous day. US gold futures for February delivery added 0.4% to $5,063.0 per ounce. Spot silver price jumped 6.3% to $110.39 an ounce, after hitting a record high of $117.69 on Monday. The white metal has already surged 55% so far this year.
The US dollar languished near a four-month low, making greenback-priced gold less expensive for overseas buyers. Dollar was pressured by the looming US government shutdown and Donald Trump’s erratic policymaking.
MCX Gold, Silver Prices
MCX gold and silver prices jumped on Tuesday, extending their record breaking rally, following gains in international bullion prices.
MCX gold rate today opened 1.68% higher at ₹1,58,674 per 10 grams level as against its previous close of ₹1,56,037 level. The yellow metal price touched a high of ₹1,59,820 level.
MCX silver price opened 1.53% higher at ₹3,39,824 per kg as against its previous close of ₹3,34,699 level. MCX silver rate hit a life-time high of ₹3,64,820 level.
Gold prices have surged nearly 17% so far this year, supported by so-called debasement trade as investor flight from sovereign bonds and currencies, a weak US dollar, and geopolitical risks.
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