Gold and silver Rate: Gold and silver prices have been fluctuating continuously for the past few days. Experts believe that rising tensions between the US and Iran could affect gold and silver prices. As tensions rise, investors seek safe havens, which can push up gold and silver prices.
On the morning of February 19, the bullion market witnessed a boom. Both gold and silver were trading in the green in early trade on the Multi Commodity Exchange (MCX). Gold with an expiry date of April 2026 rose by 203 (0.13%) to 1,55,964 per 10 grams. Silver with an expiry date of March 5, 2026 rose by 1,129 (0.46%) to 2,45,397 per kg.
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By 9:17 am, buyers dominated the market. However, shortly after, gold prices fell by Rs 74 to Rs 1,55,687 per 10 grams and silver by Rs 1,748 to Rs 2,42,520 per kg. Experts say this correction is normal after an all-time high. If this growth continues in the coming period, gold and silver may go to their highest levels. However, if prices do not stabilize, the market may become volatile again.
Important news for investors is that MCX has removed the additional margin applicable for gold and silver futures trading. The additional margin of 3% on gold and 7% on silver will no longer be applicable. This means that traders have to keep less deposits to open positions in the market. This will increase cash flow in the market and make trading easier for small investors.
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Experts say that the current market trend is very important. If this bullish price movement continues for a few sessions, investors may get an opportunity to profit in the long run. However, the possibility of market volatility cannot be ignored. Today’s trading makes it clear that both gold and silver are safe and attractive options for investors.
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