Gold and silver prices staged a strong recovery on Tuesday after declining for nearly three weeks. Sharp gains were witnessed in both the Multi Commodity Exchange and the global COMEX market.
On MCX August gold futures climbed by ₹1952 to touch an intraday high of ₹142402 per 10 grams while trading remained around ₹142384 per 10 grams during the session.
Silver futures for July delivery also recorded a sharp rally. Prices surged by as much as ₹8500 with the intraday high reaching ₹227980 per kilogram marking a gain of ₹8574 compared to the previous closing level.
Global precious metal prices also strengthened with COMEX gold and silver trading higher. Market experts attribute the rally to renewed buying interest and increased demand for safe haven assets.
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