MCX Gold, Silver Rise Sharply on Global Bullion Strength
Posted on: 04/Feb/2026 10:33:58 AM
Gold and silver prices on the MCX extended their rally on Wednesday, supported by strong international bullion prices and a weaker US dollar. MCX gold April futures opened nearly 3% higher at ₹1,58,420 per 10 grams and climbed up to ₹1,60,755, marking a gain of over 4.5%.
MCX silver March futures also opened higher at ₹2,78,015 per kg, up ₹10,000 from the previous close, and touched an intraday high of ₹2,84,094, rising nearly 6%. Later, silver traded around ₹2,81,299 per kg.
In global markets, spot gold rose 2.2% to $5,044.74 per ounce, while spot silver gained 2.1% to $86.92 per ounce. Analysts say the weaker US dollar has made bullion more attractive, supporting the sharp rise in prices.
