Gold prices witnessed a significant increase in India’s Multi Commodity Exchange (MCX) on Monday, reflecting a bullish trend in the precious metals market.
According to data from MCX, the price of gold rose to 71,326 Indian Rupees (INR) per 10 grams, marking a substantial gain of INR 420 compared to Friday’s closing price of INR 70,906 per 10 grams.
In the futures market, gold prices also surged, reaching INR 71,189 per 10 grams, up from the previous level of INR 70,646 per 10 grams.
The positive momentum extended to silver futures as well, with prices climbing to INR 82,308 per kilogram, representing an increase from the previous rate of INR 81,026 per kilogram.
These upward movements in gold and silver prices underscore the current bullish sentiment in India’s commodity market. Investors and traders are closely monitoring these price dynamics, which could influence trading strategies and investment decisions in the precious metals sector. The surge in prices reflects evolving market conditions and investor sentiment towards safe-haven assets amidst broader economic uncertainties.
