MCX Silver

Gold and silver prices witnessed a sharp rally on MCX, with gold April futures jumping over 2% to hit ₹1.60 lakh per 10 grams and silver soaring nearly 6%. The surge comes amid escalating US-Iran tensions, a sharp fall in the dollar index, fresh tariff uncertainty after the US Supreme Court ruling, and concerns over slowing US GDP growth. Analysts expect continued volatility this week, with safe-haven demand driving momentum in bullion markets.

Gold and silver prices have skyrocketed to record highs, with gold touching nearly ₹1,06,000 per 10 grams and silver surging to ₹1,25,000 per kg. Investors and buyers are now asking — should you buy gold or silver ahead of Diwali and the upcoming wedding season? In this video, Manav Modi, Analyst at Motilal Oswal Financial Services (MOFSL), explains why bullion prices are rising sharply, the impact of the rupee’s depreciation against the US dollar, and what buyers should do during Diwali and wedding season. We also discuss whether gold or silver is the better bet in the current scenario. Watch till the end for expert insights.