Gold, Silver Rate Today Live Updates: MCX Gold, MCX Silver edge up; gold down in international markets

Gold and silver prices witnessed mixed trends on Thursday, with domestic futures trading slightly higher while international gold prices remained under pressure. Investors tracked movements on the Multi Commodity Exchange of India (MCX) even as global cues weighed on sentiment.

Here are the latest updates from the bullion market.

???? MCX Gold, MCX Silver Edge Higher

On the domestic front, MCX Gold futures traded marginally higher in early deals, supported by steady physical demand and a slightly weaker rupee. Meanwhile, MCX Silver also edged up, mirroring gains in industrial demand expectations.

Traders noted:

• Mild short covering in domestic markets

• Stable local demand from jewellers

• Volatility due to global macroeconomic cues

Silver often takes cues from both gold and industrial metals, which helped it maintain upward momentum in domestic trade.

???? International Gold Prices Slip

Globally, gold prices declined amid a firmer US dollar and rising bond yields. When the dollar strengthens, gold typically becomes expensive for holders of other currencies, reducing demand.

Key global factors impacting gold:

• Strength in the US Dollar Index

• Expectations around interest rate decisions

• Profit booking after recent highs

• Economic data from major economies

As a result, spot gold traded lower in international markets even as Indian futures showed resilience.

???? What’s Driving the Divergence?

The difference between domestic and international prices can be attributed to:

1. Currency Movements – A weaker rupee can cushion the fall in global gold prices.

2. Import Duties & Local Taxes – These impact landed costs in India.

3. Physical Demand Trends – Wedding season and festive buying often support local prices.

This divergence creates short-term trading opportunities for commodity investors.

???? Silver Outlook

Silver prices on MCX gained alongside gold but may see volatility due to its dual nature — as a precious metal and an industrial commodity. Demand from sectors such as solar energy and electronics continues to support medium-term prospects.

???? Investor Strategy

Market experts suggest:

• Short-term traders should watch key resistance and support levels.

• Long-term investors may consider staggered buying on dips.

• Keep an eye on global inflation data and central bank commentary.

Gold continues to act as a safe-haven asset during uncertain times, while silver offers higher volatility and potential upside during economic recovery phases.

???? Conclusion

To sum up, MCX gold and silver edged higher in domestic trade, while international gold prices declined due to global macroeconomic pressures. The bullion market remains sensitive to currency movements, interest rate expectations, and global economic signals.