Gold, Silver Rates Today LIVE: Gold and silver prices in the international market retreated from record highs on Thursday on signs of cooling geopolitical tensions over Greenland , which boosted the US dollar. Gold price fell as much as 1% after three days of gains that had taken it to an all-time high above $4,888 an ounce in the previous session.
Spot gold price declined 0.8% to $4,799.79 per ounce, after scaling a record peak of $4,887.82 in the previous session. US gold futures for February delivery lost 0.6% to $4,806.60 per ounce. Spot silver price fell 0.9% to $92.38 an ounce, after hitting a record high of $95.87 on Tuesday.
The weakness in gold and silver prices today came as safe-haven demand eased after US President Donald Trump declared a “framework of a future deal” over Greenland had been agreed and withdrew a threat to impose tariffs on European nations. Trump backed down from new tariff threats and proposals to annex Greenland by force, while a firmer dollar also pressured bullion prices.
MCX Gold, Silver Prices
MCX gold price opened lower at ₹1,51,557 per 10 grams as against its previous close of ₹1,52,862 level. Gold prices were trading lower by ₹638, or 0.42%, at ₹1,52,224 per 10 grams level. MCX gold price touched a fresh record high of ₹1,58,475 level in the previous session.
MCX silver price opened higher at ₹3,19,843 per kg as against its previous close of ₹3,18,492 level. Silver rate traded higher by ₹1,180, or 0.37%, at ₹3,19,672 per kg, after hitting a high of ₹3,25,602 level. In the previous session, MCX silver price touched a fresh life-time high of ₹3,35,521 level.
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