NEW DELHI– Gold and silver moved in opposite directions on Tuesday, with gold prices slipping while silver posted modest gains.
According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold fell by Rs 69 to Rs 1,04,424 per 10 grams, down from Rs 1,04,493 a day earlier. Similarly, 22-carat gold declined to Rs 95,652 per 10 grams, while 18-carat gold eased to Rs 78,318 per 10 grams.
In contrast, silver prices rose by Rs 33 to Rs 1,22,833 per kilogram, compared to Rs 1,22,800 previously.
On the Multi-Commodity Exchange (MCX), gold and silver futures showed mixed trends. The October 3, 2025 gold contract inched up 0.30 percent to Rs 1,05,100, while the December 5, 2025 silver contract slipped 0.12 percent to Rs 1,24,509.
Internationally, both metals advanced. On Comex, gold gained 1.13 percent to $3,555.82 per ounce, while silver rose 2.00 percent to $41.51 per ounce.
“Gold traded with volatility, showing minor gains around $3,481, with a broader range between $3,470 and $3,500 as profit booking emerged at higher levels,” said Jateen Trivedi of LKP Securities. “On MCX, gold tested highs of Rs 1,05,340 before slipping toward Rs 1,04,500, largely due to rupee strength and resistance near the $3,500 mark on Comex.”
Trivedi noted that upcoming U.S. economic data—including ISM services, trade balance, and non-farm payrolls—will be key in shaping market sentiment, with Federal Reserve policy expectations remaining central.
A sustained break above $3,510 on Comex or Rs 1,05,500 on MCX could extend the rally, while $3,450 and Rs 1,04,000 act as immediate support levels, he added. (Source: IANS)
