The prices of gold and silver moved in opposite directions on Tuesday, reflecting mixed trends across domestic and international markets. While silver registered a slight increase, 24-carat gold prices declined.
According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold fell by ₹69 over the last day, settling at ₹1,04,424 per 10 grams compared to ₹1,04,493 earlier. Similarly, 18-carat gold slipped to ₹78,318 per 10 grams, and 22-carat gold eased to ₹95,652 per 10 grams.
In contrast, silver prices edged up by ₹33 to ₹1,22,833 per kg, from the previous ₹1,22,800 per kg.
On the Multi-Commodity Exchange (MCX), the trend was also mixed. Gold futures for October 3, 2025 delivery rose 0.30 per cent to ₹1,05,100, while silver futures for December 5, 2025 delivery dipped 0.12 per cent to ₹1,24,509.
Globally, both metals saw upward momentum. On Comex, gold climbed 1.13 per cent to $3,555.82 per ounce, while silver surged 2.00 per cent to $41.51 per ounce.
"Gold traded volatily with minor gains at $3481, with a broader range seen between $3470&ndash;$3500 as profit booking emerged at higher zones. On MCX, gold tested highs of ₹1,05,340 before slipping toward ₹1,04,500 on profit booking, largely driven by rupee strength and slight resistance in COMEX near the $3500 mark," said Jateen Trivedi of LKP Securities.
He added, "This week&rsquo;s US data, including ISM services, trade balance, and non-farm payrolls, will be key in guiding sentiment, as Fed policy expectations remain central to the outlook. A sustained break above $3510 on COMEX or ₹1,05,500 on MCX could extend the rally, while $3450/₹1,04,000 act as immediate supports." [Except for the headline, this article has not been edited by the Benefit News editorial team and is published directly from the IANS news feed]

Gold dips, silver rises in mixed market trends

Gold prices slip while silver gains as global cues and MCX trends show divergence

Gold dips, silver rises in mixed market trends

Gold prices slip while silver gains as global cues and MCX trends show divergence

September 3, 2025 | 01:13 IST