On Friday, MCX silver futures for March 5, 2026 rose 3.62%, up Rs 8,564 to Rs 2,44,999 per kg. Gold futures for April additionally edged greater by Rs 305, or 0.2%, to Rs 1,56,200 per 10 grams.
In worldwide commodity markets, valuable metals rebounded sharply after the earlier session’s selloff, with spot silver rising 2.1% to $77.27 per ounce, recovering from an 11% plunge a day earlier. Spot gold additionally superior 2.33% to $5,063 and is now up greater than 1% for the week. The restoration comes after bullion dropped practically 3% on Thursday, slipping to its lowest stage in virtually every week.
The U.S. Client Worth Index rose 0.2% in January, beneath economists’ expectations of a 0.3% improve, following an unrevised 0.3% achieve in December, the Labor Division mentioned.
Gold, silver ranges for Monday
MCX Gold continues to exhibit structural resilience regardless of world consolidation, supported by relative firmness in USD/INR. The Rs 1,50,000 assist band stays a robust demand absorption zone, attracting each bodily shopping for and funding flows, reinforcing the integrity of the medium-term rising channel. “Worth conduct at decrease ranges signifies accumulation fairly than distribution. A sustained transfer above Rs 1,60,000 would probably re-ignite bullish momentum towards Rs 1,65,000–Rs 1,70,000+, whereas significant draw back threat stays restricted until COMEX gold breaches its structural assist clusters decisively,” Ponmudi R, CEO of Enrich Cash mentioned. MCX Silver continues to construct a sturdy base inside the Rs 2,33,000–Rs 2,35,000 structural assist zone. Worth motion displays gradual absorption, with draw back momentum notably weaker in comparison with the prior week’s volatility spike. Volatility compression at these ranges alerts accumulation fairly than liquidation.
A decisive breakout above Rs 2,65,000 would probably entice momentum participation, focusing on Rs 2,80,000+ within the medium time period, supported by tightening world provide dynamics and regular industrial offtake.
(Disclaimer: Suggestions, options, views and opinions given by the specialists are their very own. These don’t symbolize the views of The Financial Occasions)
