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Commodities

Gold and Silver Prices See Uptick in Futures Trade

Guavy AI Editorial Team
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Gold Silver
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Gold and silver prices surged on Monday in futures trade due to firm global trends and fresh buying by market participants. On the Multi Commodity Exchange (MCX), gold contracts for August delivery rose Rs 984, or 0.69 per cent, to Rs 1,44,090 per 10 grams with a business turnover of 591 lots.

This increase is attributed to traders creating fresh positions amid firm spot demand according to analysts. Internationally, gold futures advanced 0.86 per cent to USD 4,087.69 per ounce in New York.

Silver prices also gained with September delivery contracts increasing Rs 117, or 0.95 per cent, to Rs 2,24,255 per kg on the MCX. Analysts stated that fresh buying and supportive global cues lifted silver prices.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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