Commodities
MCX Gold, Silver Prices Soar Amid Global Rally
Gold and silver prices surged on the Multi Commodity Exchange (MCX) on Wednesday, following a global rally in precious metals.
The sharp gains came as US Treasury yields dropped and the dollar weakened, pushing investors back towards traditional safe havens.
On MCX, gold October futures rose by ₹1,849 to ₹1,56,111 per 10 grams, while silver September futures increased by ₹2,055 to ₹2,34,474 per kilogram.
The domestic rally mirrored the strong recovery on the COMEX, where spot gold advanced 1.25% to trade around $4,476.00 per ounce, and international silver jumped 1.73% to $65.145 per ounce.