Gold and Silver Surge Amid Geopolitical Calm; Rally Intensifies Ahead of Crucial U.S. Jobs Data
Precious metals witnessed a strong rally on the MCX, with both gold and silver prices climbing significantly. The gains were bolstered by easing crude oil prices for the week as investors await critical signals from the upcoming U.S. nonfarm payrolls report. Silver futures soared by Rs 2,864 to reach Rs 2,28,700 per kg on the MCX, while gold futures gained Rs 866, reaching Rs 1,49,724 per 10 grams.MCX Rally: Domestic Precious Metals Gains
In terms of cumulative performance across three sessions, both metals have seen substantial growth. Gold is up by Rs 6,335 (4.4%), and silver is up by Rs 11,016 (5.2%). Internationally, spot gold rose 0.4%...