The Impressive TimesNew Delhi : Gold and silver prices witnessed a steady increase on Monday, March 3, 2025, driven by a weakening US dollar and rising concerns over US President Donald Trump’s tariff policies. The global economic uncertainty has fueled demand for safe-haven assets, pushing prices of precious metals higher on the Multi Commodity Exchange (MCX).
Gold April futures opened at Rs 84,637 per 10 grams on the MCX, marking a gain of Rs 292 from the previous close of Rs 84,219. The upward momentum continued, with gold touching an intra-day high of Rs 84,698. At the time of writing, the contract was trading at Rs 84,650, reflecting an increase of Rs 431 or 0.51%. The increase in gold prices is largely attributed to the softening of the US dollar, making the yellow metal more attractive for investors. Additionally, ongoing geopolitical tensions and inflation concerns have further supported gold’s bullish trend. Market analysts suggest that the sustained interest in gold as a hedge against inflation and economic uncertainty may continue to drive prices higher in the near term.
Silver futures, maturing on May 5, 2025, also experienced gains during the opening trade. The contract started the day at Rs 94,600 per kg, up by Rs 272 from the previous close of Rs 94,328. Silver later touched an intra-day high of Rs 94,994 before settling at Rs 94,843, registering a gain of 515 points or 0.55%. The price movement reflects strong industrial and investment demand. Investors are closely monitoring global economic cues, as uncertainties surrounding trade policies and financial markets continue to impact precious metals. With silver’s dual role as both an industrial and investment metal, analysts believe that price trends will be influenced by global manufacturing activity and broader market trends.
Apart from domestic market factors, international gold and silver prices have also been on the rise. The US Federal Reserve’s stance on interest rates, inflation fears, and global economic slowdown have boosted investor sentiment toward bullion. The weakening of the US dollar has further bolstered prices, making gold and silver attractive alternatives to currency investments. The price trajectory of precious metals remains linked to upcoming economic data releases, global monetary policies, and shifting investor sentiment.
Last year, silver futures hit an all-time high of Rs 1,00,081 per kg, highlighting the metal’s strong rally amid market fluctuations. Analysts predict that if geopolitical tensions persist and inflation remains high, gold and silver could see further gains in the coming weeks. As investors seek safer investment avenues, gold and silver are expected to remain in focus.
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