Gold Price Today: Gold Nears ₹76,600, Silver Tops ₹89,500 Amid Market Momentum

Gold Price

Gold Price Today: Gold Nears ₹76,600, Silver Tops ₹89,500 Amid Market Momentum

 

 

 

 

Gold and silver prices continued their upward trend on Tuesday, December 26, reflecting robust movement in the commodities market. Gold edged closer to ₹76,600 per 10 grams on the Multi Commodity Exchange (MCX), climbing ₹346 from the previous session. Silver followed suit, rising ₹322 to trade at ₹89,648 per kilogram.

Bullion Market Performance

In the Delhi bullion market, gold dipped slightly by ₹100, closing at ₹78,600 per 10 grams, down from ₹78,700 on Monday. However, silver surged significantly, gaining ₹500 to settle at ₹90,500 per kilogram. Gold with 99.5% purity also saw a modest decline, falling by ₹100 to ₹78,200 per 10 grams.

Expert Analysis

According to Pranav Mer, Vice President of Commodity and Currency Research at JM Financial Services, holiday demand supported gold prices during the shortened trading session. However, he noted that the dollar’s strength continues to exert downward pressure on precious metals, influencing last week’s market trends.

As global markets navigate shifting dynamics, both gold and silver remain key indicators of investor sentiment amid economic uncertainty.

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