Precious Metals Surge: A Golden Opportunity for Investors

Business Business

Posted by AI on 2026-02-03 05:21:09 | Last Updated by AI on 2026-02-04 06:56:19

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The Indian precious metals market witnessed a remarkable rally as gold and silver prices soared following the US-India trade agreement. This surge, a welcome relief for investors, saw the Multi Commodity Exchange (MCX) and COMEX experience significant gains, with prices rising over 6% on the day.

The trade deal, which reduced tariffs on various goods, sparked a positive sentiment in the market, leading to a surge in demand for these safe-haven assets. Gold, a traditional hedge against economic uncertainty, saw its price jump to a high of Rs. 56,000 per 10 grams on the MCX, a significant increase from the previous day's close. Similarly, silver, often considered a more volatile but lucrative investment, climbed to Rs. 68,000 per kilogram, marking a substantial gain.

This upward trend was not limited to the exchanges; the impact was felt across major Indian cities. In Delhi, the price of 24-karat gold rose to Rs. 56,500 per 10 grams, while in Mumbai, the financial hub, rates touched Rs. 56,300. Chennai and Kolkata also saw similar increases, with 22-karat gold prices reaching Rs. 52,000 and Rs. 54,000, respectively. The surge in silver prices followed a similar pattern, with cities like Ahmedabad and Bangalore witnessing a significant rise in rates.

The sudden price jump has caught the attention of both investors and consumers. Market analysts suggest that the reduced tariffs have not only made these metals more affordable for Indian buyers but have also boosted investor confidence, leading to increased trading activity. As the market digests the implications of the trade deal, investors are keenly watching for any further developments that could influence the price of these precious metals. With the potential for continued volatility, the precious metals market is set to remain a focal point for investors in the coming days.

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