Gold prices rise above Rs 1.5 lakh per 10 grams while silver prices increase sharply on the Multi Commodity Exchange (MCX), according to the reports. The silver market moves higher by roughly Rs 6,000 per kilogram on MCX, reflecting renewed buying interest and strength in the metal complex. One explanation cited across coverage is that the physical market for silver is tightening, with major global inventories remaining under pressure. Alongside this supply situation, industrial demand continues to absorb substantial quantities of silver, supporting prices. The reports characterize the move as part of broader price strength in bullion and do not attribute it to a single factor such as a specific policy announcement. The coverage focuses primarily on near-term market dynamics—inventory pressure and ongoing industrial offtake—along with the resulting jump in traded prices on MCX for both gold and silver.
Gold tops Rs 1.5 lakh per 10 grams as silver rises on MCX
Gold prices rise above Rs 1.5 lakh per 10 grams while silver prices increase sharply on the Multi Commodity Exchange (MCX), according to the reports. The silver market moves higher by roughly Rs 6,000...
- Gold prices rise above Rs 1.5 lakh per 10 grams on MCX.
- Silver prices increase by about Rs 6,000 per kilogram on MCX.
- Silver’s strength is linked to a tightening physical market.
- Global silver inventories are described as remaining under pressure.
- Industrial demand continues to absorb large quantities of silver.
Silver price's recent strength is being supported by a tightening physical market, as major global inventories remain under pressure, while industrial demand continues to absorb large quantities of silver.
8 hours agoSilver price's recent strength is being supported by a tightening physical market, as major global inventories remain under pressure, while industrial demand continues to absorb large quantities of...
8 hours ago
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