Amid ongoing geopolitical tensions in the Middle East, fluctuations in gold and silver prices continue. On Monday, both precious metals experienced a decline. As of 10:36 AM, gold for delivery on June 5 was trading at ₹150,900 per 10 grams, reflecting a decrease of 0.30%. Meanwhile, silver for delivery on July 3 was priced at ₹249,522 per kilogram, down by 0.56%.
MCX Trading Insights for Today
On Monday, gold for June 5 delivery opened at ₹151,150 per 10 grams, compared to the previous week's closing price of ₹151,352. During trading, gold prices fluctuated between an intraday high of ₹151,347 and a low of ₹150,860 per 10 grams. In contrast, silver for July 3 delivery opened at ₹250,699 per kilogram, down from ₹250,937 last Thursday. Throughout the day, silver prices ranged from an intraday high of ₹251,231 to a low of ₹249,522 per kilogram.
Previous Week's Market Performance
Last Thursday, the Delhi bullion market saw a significant increase in gold prices. However, silver prices fell. According to the All India Sarafa Association, silver prices dropped by ₹1,800, settling at ₹242,700 per kilogram. In contrast, gold with 99.9% purity rose by ₹2,000, reaching ₹154,800 per 10 grams. It's worth noting that the MCX and bullion markets were closed on Friday due to Labor Day and Maharashtra Day.
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