Gold and silver markets witnessed fresh movement on Friday, with the MCX gold price today holding above ₹1.13 lakh per 10 grams and silver recording a mild decline. The price action is influenced by international trends, a strong dollar, and mixed economic signals from the United States. Investors are closely watching the safe-haven appeal of bullion as global uncertainty persists.
In this blog, we will take a detailed look at:
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Gold and silver prices on MCX and in the international market
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Reasons behind the latest price fluctuations
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Technical outlook for traders
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Factors influencing gold and silver rates
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Long-term investment perspectives
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FAQs for investors
📌 Gold Price Today on MCX
On the Multi Commodity Exchange of India (MCX), December gold futures opened slightly lower:
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Opening Price: ₹1,13,795 per 10 grams
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Previous Close: ₹1,13,871 per 10 grams
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Current Trading (9:10 AM): ₹1,13,900 per 10 grams
Despite a soft opening, the MCX gold rate today remains resilient above the key level of ₹1.13 lakh, showing investor interest in safe-haven assets.
📌 Silver Price Today on MCX
Silver prices, however, showed weakness:
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Opening Price: ₹1,36,876 per kg
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Previous Close: ₹1,37,056 per kg
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Current Trading (9:10 AM): ₹1,36,802 per kg
This indicates a 0.19% intraday decline, as silver faced stronger selling pressure compared to gold.
📊 Quick Price Comparison (MCX)
| Metal | Previous Close | Opening Price | Current Price (9:10 AM) | Change |
|---|---|---|---|---|
| Gold (10g) | ₹1,13,871 | ₹1,13,795 | ₹1,13,900 | +₹29 (+0.03%) |
| Silver (1kg) | ₹1,37,056 | ₹1,36,876 | ₹1,36,802 | -₹254 (-0.19%) |
🌍 Global Gold and Silver Prices
International markets also reflected pressure on precious metals:
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Spot Gold: $3,741.21/oz (down 0.2%)
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US Gold Futures (Dec): $3,771.30/oz (unchanged)
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Spot Silver: $44.96/oz (down 0.6%)
The global pullback was largely due to strong US economic data, which reduced the chances of aggressive Federal Reserve rate cuts and pushed the US dollar index to a three-week high.
🔑 Key Factors Impacting Gold Price Today MCX
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Strong US Dollar:
A firmer dollar makes gold costlier for foreign investors. -
US Federal Reserve Policy:
Doubts over immediate rate cuts limited gold’s upside. -
Trade Tariffs:
New US tariffs on imports increased safe-haven demand. -
Inflation & Growth Balance:
Investors are weighing inflation risks against resilient economic growth. -
Safe-Haven Demand:
Ongoing trade tensions and geopolitical risks continue to support gold.
📈 Expert Outlook on Gold and Silver
According to Rahul Kalantri, VP – Commodities, Mehta Equities Ltd:
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Gold support levels: $3,715 – $3,685
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Gold resistance levels: $3,775 – $3,790
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Silver support levels: $44.40 – $44.00
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Silver resistance levels: $45.35 – $45.60
On MCX, technical levels suggest:
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Gold Support: ₹1,12,000 – ₹1,11,580
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Gold Resistance: ₹1,13,250 – ₹1,13,700
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Silver Support: ₹1,36,450 – ₹1,35,750
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Silver Resistance: ₹1,37,850 – ₹1,38,600
This range suggests moderate volatility, with gold likely to hold strong above ₹1.12 lakh.
💡 Why Gold Remains a Strong Investment
Even though gold faces short-term corrections, it continues to be an attractive investment for:
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Wealth preservation during inflationary periods
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Hedging tool against currency fluctuations
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Safe-haven demand in times of global uncertainty
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Diversification in long-term investment portfolios
Silver, on the other hand, is influenced by both industrial demand and investment interest, making it more volatile.
📌 Investor Strategy for Gold Price Today MCX
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Short-Term Traders: Can play within support & resistance levels
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Long-Term Investors: Should view corrections as buying opportunities
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Hedgers: Can use gold to safeguard against inflation and currency risk
🔍 Historical Context of Gold Prices
Over the last few years, gold has shown resilience:
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2020 (Pandemic Peak): Gold surged due to global uncertainty
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2021–22: Prices stabilized with Fed tightening
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2023–24: Volatility due to inflation, dollar strength, and geopolitical risks
The Gold Price Today MCX reflects these global shifts, combining domestic demand with international cues.
📚 FAQs on Gold Price Today MCX
Q1. Why is the MCX gold price today above ₹1.13 lakh per 10 grams?
Because of strong safe-haven demand and international cues, gold has maintained strength despite global pressure.
Q2. What factors affect the MCX gold rate?
US dollar strength, Federal Reserve policies, global economic data, and domestic demand.
Q3. Is today a good time to invest in gold?
For long-term investors, corrections like today offer good entry points.
Q4. Why is silver price falling while gold is stable?
Silver has higher industrial demand exposure, making it more sensitive to global economic concerns.
Q5. What are the support and resistance levels for gold and silver today?
Gold support at ₹1,12,000–₹1,11,580; resistance at ₹1,13,700. Silver support at ₹1,35,750; resistance at ₹1,38,600.
Q6. Will the Federal Reserve’s decisions impact gold in the coming months?
Yes, rate cuts or hikes directly affect gold’s demand as a safe-haven asset.
