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Deccan Chronicle

Gold and silver futures rise as fresh buying lifts MCX August gold to Rs 1,41,612

AI Market Summary
Gold and silver futures rose on both India's MCX and in US trading, reflecting fresh long positioning alongside firm spot demand and supportive global cues. The synchronized gains across venues suggest improving near-term risk appetite for precious metals and reinforce momentum-driven participation. Higher futures activity indicates positioning, not just passive demand, which can amplify short-term volatility in metals-linked assets.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT+0.03%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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India’s MCX gold August contract rose 0.93% to Rs 1,41,612 per 10 grams, while the MCX July silver contract gained 1.35% to Rs 2,20,664 per kilogram. In New York, gold futures climbed 0.70% to USD 4,030.57 per ounce and Comex silver futures added 0.86% to USD 58.15 per ounce. Analysts said the move was driven by traders opening fresh long positions, alongside steady demand and supportive trends at home and abroad.
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