Gold, silver selloff deepens
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CME metals hit a record 3.34M contracts as gold tops $5K and silver $100; see what macro uncertainty means for hedging via micro futures—read now.
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Gold rates today: MCX gold recovers ₹13,825 per 10g, silver ₹35,868 per kg amid intraday bounce
Gold and silver prices saw volatility, with gold recovering intraday losses while silver remained down. Gold futures fell to ₹1,37,065 before climbing to ₹1,50,890, still down 21% from peak prices. Market pressures include Fed policy expectations and increased CME margins.
Gold rate in India moved up by 0.5% over its previous close. Check the latest 18K, 22K and 24K gold price in major cities in India and Dubai.
By Noel John Feb 2 (Reuters) - Gold and silver prices dropped on Monday as increased CME margin requirements added to the selling pressure following last week's selloff sparked by Kevin Warsh's nomination as the incoming Federal Reserve chair.
MCX gold April futures fell over 2% in opening deals to trade near ₹1,45,000 per 10 grams level, while MCX silver March contracts declined over 3% to trade near ₹2,57,594 per kg.
Live pricing, charts, and volume for the What will Gold (GC) settle at in January? prediction market from Yahoo Finance.