Gold and silver prices continue their upward trajectory as global market volatility and geopolitical friction fuel widespread uncertainty across international financial markets. Driven by increased demand for safe-haven assets, both precious metals traded significantly higher during the morning session on the Multi Commodity Exchange (MCX).According to reports from news agency IANS, August futures for gold climbed by 1.03 per cent (an increase of ₹1,460) to hit an intraday peak of ₹1,42,848 per 10 grams. Simultaneously, September silver futures registered a sharp gain of 1.54 per cent (up by ₹3,380), touching an intraday high of ₹2,21,780 per kilogram.Intraday Market Snapshot: Gold & Silver PerformanceThe domestic bullion market witnessed active trading across both metals, with prices hovering near high levels throughout the session:Gold Futures (10 grams): The yellow metal stabilised around ₹1,42,741 (up 0.96% or ₹1,353) after rebounding from an intraday low of ₹1,42,157.Silver Futures (1 kg): The white metal traded near ₹2,21,402 (gaining 1.37% or ₹3,002), recovering steadily from its session low of ₹2,19,200.City-Wise Retail Gold Rates Across Major MetrosRetail gold prices vary across key Indian cities due to local taxes, transportation costs, and regional demand dynamics. Here is the per-gram breakdown for 24K, 22K, and 18K gold:City24K Gold (per gram)22K Gold (per gram)18K Gold (per gram)New Delhi₹14,632₹13,414₹10,978Mumbai₹14,617₹13,399₹10,963Chennai₹14,729₹13,501₹11,316Kolkata₹14,617₹13,399₹10,963Key Takeaway for InvestorsWith ongoing macroeconomic updates and fluctuating energy markets impacting global currencies, precious metal prices are expected to remain sensitive to international developments. Investors and buyers are advised to monitor daily spot rates and MCX trends before making retail purchase decisions.
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