MCX Gold and Silver Prices Rebound on Weaker Dollar

Gold and silver prices have rebounded on the Multi Commodity Exchange (MCX) after a recent dip. The recovery is driven by a weaker US dollar and easing Treasury yields, though investors remain cautious due to ongoing global economic uncertainties.

The price of gold is currently trading near ₹1,54,000 per 10 grams, while silver has climbed to approximately ₹2,39,000 per kg. This rebound marks a pause in the recent corrective phase that had pushed prices lower.

The latest price movement is largely influenced by global economic factors, with the softer US dollar and decline in Treasury yields providing support to precious metals. Internationally, spot gold has reclaimed the $4,400 per ounce mark, which has helped improve sentiment in the Indian market.