NEW DELHI, Dec 4: Gold futures declined while silver registered gains today as weak US economic data spurred caution among investors. The mixed trend in bullion markets reflected heightened volatility and uncertainty ahead of key inflation readings that could influence global monetary policy.
On the Multi Commodity Exchange (MCX), gold futures for December delivery fell by 0.07 percent to Rs 1,30,374 per 10 grams in a turnover of 13,122 lots. In contrast, silver futures for March delivery rose by 0.18 percent to Rs 1,82,672 per kilogram in a turnover of 13,820 lots.
Internationally, Comex gold futures slipped 0.15 percent to USD 4,225.95 per ounce, while silver contracts recorded modest gains. Analysts attributed the divergence to investor caution following weak US economic indicators, which have raised questions about the pace of recovery and future interest rate decisions.
Rahul Kalantri, Vice-President of Commodities at Mehta Equities Ltd, observed that gold traded with sharp intraday volatility, while silver managed to hold firm. He noted that traders are awaiting upcoming PCE inflation data for further clarity on the Federal Reserve’s policy stance.
Market experts said the fall in gold prices underscores its sensitivity to macroeconomic signals, while silver’s dual role as a precious and industrial metal has provided relative strength. They added that investor sentiment remains cautious, with short-term volatility expected to continue until clearer policy cues emerge.
The bullion market’s mixed performance highlights the impact of global economic data on precious metals, with traders balancing safe-haven demand for gold against industrial optimism for silver.
