After significant volatility last week, gold and silver prices surged on Monday. According to a bullion website, silver jumped by ₹14,800 to reach ₹2.65 lakh per kilogram, while gold rose by ₹3,050 to ₹1.58 lakh per 10 grams.
In early trading on the MCX, silver was up ₹5,185 at ₹2.49 lakh per kilogram, while gold prices rose by ₹3,428 to ₹1.55 lakh per 10 grams.
International Gold and Silver Prices
During Asian trading hours, spot gold rose by approximately 1.18% to $5,040 per ounce, while spot silver saw a sharp increase of 3.39%, trading at $79.89 per ounce.
However, despite the current surge, both precious metals remain below their record highs. Gold is still about 11.27% below its all-time high of $5,608.35, while silver has fallen approximately 52.29% from its all-time high of $121.67 reached on January 29.
What is the reason for this surge?
The primary reason for the market rally is the decisive election victory of the ruling Prime Minister Sanae Takaichi in Japan. The results have strengthened expectations of a more liberal fiscal policy and put pressure on the yen, both factors considered positive for gold. According to a Bloomberg report, these expectations are supporting demand for precious metals.
Focus on US Data
Investors are now awaiting key economic indicators from the US, which could provide clues about the Federal Reserve's future policy. January's employment figures are expected on Wednesday, which are likely to show signs of stability in the labor market. Inflation data will be released on Friday.
Why did prices fall last week?
Last week, both gold and silver experienced sharp declines. This was due to profit-taking, a stronger US dollar, and rising real yields, which somewhat diminished the appeal of precious metals as a safe-haven investment. Overall, political developments and the direction of US macroeconomic data will continue to play a crucial role in determining the movement of gold and silver in the short term.
"Abdullah goes crazy at someone else's wedding"—a Hindi idiom describing someone who gets o
A major revelation has emerged regarding the accused individual who attacked two security guards
Union Home Minister Amit Shah is on a visit to West Bengal this Friday. During this visit, he is
Alia Bhatt recently grabbed headlines with her appearance at the Cannes Film Festival. Meanwhile,
Asian Games 2026 Day 1: India Wins Two Silver Medals in Shooting, Assured of MMA Medal
India opened its medal campaign at the 20th Asian Games in Aichi-Nagoya with two silver medals in
Huge discount on Samsung Galaxy S25 Edge; buy it from Flipkart at a starting price of ₹56,999.
Samsung's premium ultra-slim flagship smartphone, the Galaxy S25 Edge, is now available at one of
Cricket fans are eagerly following the second match of the Tri-Nation ‘A’ Series, whe
India could soon witness one of the biggest transformations in its currency system as the Reserve
Directed by Aditya Dhar, the film Dhurandhar 2 has been performing well at the box office since i
OPPO K14 Lite Launched: 7,000mAh Battery, 120Hz Display and ₹16,999 Price — Check Full Details
OPPO K14 Lite has officially launched in India, expanding the company's K-series smartphone lineu
