Gold prices in India witnessed a slight decline today, reflecting ongoing volatility in the global market. On April 2, 2025, June futures on the Multi Commodity Exchange (MCX) slipped by 0.18%, settling at ₹91,232 per 10 grams. This dip comes amid profit-taking by investors who are closely watching international economic developments.
Despite the minor setback in domestic prices, gold remains strong globally, with spot prices reaching $3,131.25 per ounce after touching a record high of $3,148.88 just a day earlier. Market analysts believe that this temporary decline is due to cautious trading ahead of key US trade tariff announcements, which could have a significant impact on global economic stability. The Federal Reserve’s anticipated interest rate cuts are also influencing the market, as lower rates tend to support gold prices in the long run.
Silver Gains Strength as Demand Grows
While gold struggled, silver prices showed resilience, gaining 0.44% to cross ₹1,00,002 per kilogram. The demand for silver continues to rise, driven by its crucial role in industrial applications, especially in the renewable energy sector.
Although there was some profit booking towards the end of the trading session, experts remain optimistic about silver’s future performance. With global trade uncertainties and inflation fears persisting, silver is likely to maintain its upward momentum. Market analysts predict that silver prices could remain volatile but have a strong potential for growth in the coming months.
What’s Next for Gold and Silver
The anticipation of new US trade tariffs has created an atmosphere of caution in the global markets. If economic conditions remain uncertain, gold prices could bounce back, possibly crossing $3,300 per ounce soon. At the same time, silver’s demand in industrial sectors is expected to keep its prices strong.
As the market continues to react to economic and geopolitical events, investors are advised to stay informed and track key indicators before making investment decisions.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should conduct their research or consult a financial expert before making any investment decisions.
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