NEW DELHI: Gold and silver prices showed volatility in Tuesday’s session amid geopolitical tensions following US President Donald Trump’s recent aggressive posts on Iran.
On the Multi Commodity Exchange (MCX), gold futures (June 5) were trading at Rs 1, 50, 228, up Rs 247 or 0.16 per cent at 11:35 am.
On the intraday front, the yellow metal rose as much as 0.32 per cent or Rs 493 to Rs 1, 50, 474. Earlier in the session, before 10 am, it was trading lower by 0.23 per cent or Rs 356 at Rs 1, 49, 625.
Similarly, silver futures (May 5) were trading 0.48 per cent or Rs 1, 121 higher at Rs 2, 34, 500. The white metal gained nearly 1 per cent or Rs 2, 168 to hit an intraday high of Rs 2, 35, 547, after earlier witnessing a decline of 0.67 per cent or Rs 1, 579 to an intraday low of Rs 2, 31, 800.
According to analysts, despite geopolitical tensions, precious metals are not showing strong safe-haven behaviour.
Similarly, MCX silver remains volatile around Rs 2, 31, 000–Rs 2, 33, 000, with resistance at Rs 2, 33, 000–Rs 2, 34, 000. Analysts said a breakout could push prices higher, while a decline below Rs 2, 30, 000 may accelerate losses.