Gold and silver prices showed a positive opening on Thursday, February 20, 2025, after mild profit-taking in the previous trading session.
Gold Price: The price of gold opened at ₹86,487 per 10 grams, reflecting a rise of ₹577 or 0.67%.
Silver Price: The price of silver opened at ₹96,903 per kg, up by ₹497 or 0.52%.
Previous Trading Session Recap
Gold April futures settled at ₹85,910 per 10 grams, marking a loss of 0.24%.
Silver March futures settled at ₹96,406 per kg, down by 0.46%.
Market Dynamics
Profit-taking occurred in the previous session, partly driven by hawkish comments from the Federal Reserve on interest rates. The U.S. Fed‘s statement about higher inflation readings and its cautious stance on rate cuts led to a stronger U.S. dollar and rising U.S. bond yields, which pressured gold and silver prices lower.
However, safe-haven demand due to ongoing uncertainty around U.S. tariffs continues to provide support for gold and silver prices.
U.S. Dollar Index: The U.S. Dollar Index (DXY) is hovering near 107.07, showing a slight dip of 0.10% or 0.11%, which could continue to influence precious metal prices in the coming sessions.
Outlook: Investors remain cautious as they monitor global developments and the Federal Reserve’s next moves regarding inflation and interest rates.
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