Gold, Silver Rate Today: Gold and silver prices on the Multi-Commodity Exchange (MCX) rebounded sharply on Tuesday, snapping a recent losing streak after positive cues from the India-US trade deal lifted market sentiment.
As of 10:20 am, gold prices surged 3.6 per cent, or Rs 5,107, to trade at Rs 1,49,098 per 10 grams. Silver mirrored the rally, jumping 7.9 per cent, or Rs 18,567, to Rs 2,54,828 per kg. The sharp rebound signals a return of bullish momentum in precious metals.
Global cues support domestic rally
The domestic market tracked gains in the international market. Spot gold on COMEX was trading 3.1 per cent higher, up USD 146 at USD 4,814.16 an ounce, while silver rose 5 per cent to USD 83.31 an ounce.
The recent sell-off in global bullion prices was largely attributed to profit booking by investors, with additional pressure emerging after the appointment of Kevin Warsh as the next US Federal Reserve Chair.
According to analyst Pankaj Arora, the correction was driven more by margin calls rather than weak fundamentals. Echoing similar views, experts noted that margin hikes in India and overseas markets led to forced selling, particularly in silver.
India-US trade deal sparks recovery
The recovery in gold and silver prices gathered pace following the announcement of the India-US trade agreement. Under the deal, the United States will reduce reciprocal tariffs on Indian goods to 18 per cent from 25 per cent, US President Donald Trump said after a phone conversation with Prime Minister Narendra Modi on Monday.
Meanwhile, India’s gems and jewellery exports rose 27.8 per cent in November 2025, supported by strong demand from key markets such as the United States, UAE, Hong Kong and Europe. Indian jewellery continues to attract global buyers due to its craftsmanship, design and cultural appeal, especially across gold, diamond and coloured gemstone segments.
Experts’ take: Gold and silver outlook
Rajesh Rokde, Chairman of the All India Gem & Jewellery Domestic Council, told ET Now Swadesh that every major rally is preceded by a correction. “This correction is building a strong base. For long-term investors, this is an opportunity. Even if another 5–10 per cent correction comes, new record highs are still very much possible.”
Analyst Pankaj Arora advised investors to stay calm. “Those who missed buying earlier now have a good opportunity. Buy on dips, there is no need to panic.”
Trading strategy: Gold and silver
Market experts suggest that gold and silver ETFs are a better option for investors who prefer not to hold physical metals or trade futures.
According to analyst Ravi Deora, investors may consider deploying funds in a lump sum during sharp corrections, as long-term fundamentals remain intact, as timing the exact bottom is difficult, so accumulation works better.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
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