NEW DELHI– Gold and silver prices moved in opposite directions Tuesday, with bullion slipping while the white metal edged higher amid uneven global market trends.
According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold fell by 69 rupees to 104,424 rupees per 10 grams, down from 104,493 rupees a day earlier. Eighteen-carat gold dropped to 78,318 rupees per 10 grams, while 22-carat gold eased to 95,652 rupees.
Silver, meanwhile, inched up 33 rupees to 122,833 rupees per kilogram, compared to 122,800 rupees previously.
On the Multi-Commodity Exchange (MCX), futures showed a mixed pattern. The October 3, 2025 gold contract gained 0.30 percent to 105,100 rupees, while the December 5, 2025 silver contract slipped 0.12 percent to 124,509 rupees.
Internationally, both metals traded higher. On Comex, gold climbed 1.13 percent to $3,555.82 per ounce, while silver advanced 2.00 percent to $41.51.
“Gold traded in a volatile band with profit-taking at higher levels,” said Jateen Trivedi of LKP Securities. He noted that gold briefly tested 105,340 rupees on MCX before slipping toward 104,500, with the rupee’s strength and resistance near $3,500 on Comex weighing on prices.
Trivedi added that this week’s U.S. economic releases—including ISM services data, trade balance numbers, and the closely watched non-farm payrolls—will play a key role in shaping investor sentiment, as markets continue to watch for signals on Federal Reserve policy.
A sustained breakout above $3,510 on Comex or 105,500 rupees on MCX could extend gold’s rally, while immediate support lies near $3,450 and 104,000 rupees, he said. (Source: IANS)
