Why are Indian silver prices steady while gold prices are falling?

Silver prices are steady due to market caution and a delayed reaction to mixed global cues, while gold prices are dipping due to intraday volatility and profit-taking after recent gains.

How did US economic data affect gold and silver prices?

Weaker-than-expected US ADP non-farm employment data raised hopes for Federal Reserve rate cuts, which typically supports precious metals, but gold saw volatility while silver showed upward momentum.

What is the current silver rate in Mumbai?

The current silver rate in Mumbai is Rs 190 per gram and Rs 1,90,000 per kilogram.

Home / Business and Economy / Silver Shines as Gold Dips: Market Navigates Global Uncertainty

Silver Shines as Gold Dips: Market Navigates Global Uncertainty

10 Dec

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Summary

Gold futures on MCX dipped, while silver futures saw a notable increase.
US economic data, particularly the ADP report, influenced precious metal prices.
A weaker US dollar index provided support to bullion prices globally.

Silver Shines as Gold Dips: Market Navigates Global Uncertainty

Precious metals showed contrasting movements on Tuesday, with silver prices in India remaining steady while gold saw a marginal dip. Investors reacted cautiously to mixed global economic cues and recent US economic data, creating a dynamic market environment. Gold futures on the Multi Commodity Exchange experienced intraday volatility, struggling to sustain gains amid broader global uncertainty.

Silver, conversely, demonstrated greater resilience, with March 2026 futures showing an increase. This divergence is attributed to traders digesting new US economic data, including a significant downside surprise in the ADP non-farm employment report. This weaker-than-expected data fueled speculation that the US Federal Reserve might adopt a more accommodative monetary policy.