Stay updated with breaking news from March Silver. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Analyst Anuj Gupta sees Comex gold trading between $2,060 and $2,080 with a positive bias while the MCX February contract is seen trading between Rs 62,800 and Rs 63,800. As for silver, the Commodity & Currency Head at HDFC Securities expects March futures to trade between Rs 73,500 and Rs 75,500 with the trend remaining positive.
MCX February gold futures were trading at Rs 63,225 per 10 grams, minutes after opening, up Rs 22 or 0.03% from Friday's closing price. Meanwhile, the March Silver futures were trading at Rs 74,260 per kg, lower by Rs 170 or 23%.
Meanwhile, silver opened at Rs 74,550 per kg, hit an intraday low of Rs 73,873 on the MCX, and hovered around $23.85 per troy ounce in the international market.
Gold prices declined marginally in the last trading session of 2023. Despite a slight dip, gold prices clocked their best year in three, as expectations regarding US interest rate cuts early next year and the war in Ukraine and tensions in the Middle East lifted safe-haven demand.
February gold futures were trading at Rs 63,795 per 10 grams on the MCX at 10.20 am and were up by Rs 117 or 0.18% from Wednesday's closing price. Meanwhile, March Silver futures were trading at Rs 75,690 per kg and were higher by Rs 43 or 0.06% around this time.