The futures price for gold and silver on 5 February 2025 declined on Monday. The price of gold was reduced by 0.23 percent today for the contract of 5 February 2025 on MCX. The price of gold per 10 grams of gold was reduced to Rs 79,843 at 10.5 am. Similarly, silver futures fell by 1.04 percent for the contract of 5 February 2025. Proficient yellow metal saw profits as the US dollar rates returned from a five -week low.
Sleep today in morning session
According to the news, on Friday last week, it reached a new peak of Rs 80,312 per 10 grams. Earlier in the early session this morning, the MCX gold rate opened at Rs 79,859 and touched an intraday low of Rs 79,765 per 10 grams within a few minutes of the opening vine. In the international market, spot gold prices are $ 2,761 an ounce, while Comex Gold is priced at around $ 2,794 per troy ounce.
According to experts, the overall approach to the rate of gold is positive today. According to Livemint, however, American economic uncertainties still remain due to increasing tariff war and uncertainties around the American economy. These triggers are sufficient to maintain gold as a shelter site for investors in the near future.
Silver today during Asian season
The price of silver in the international market has taken its lead again. According to FXStreet, it was trading around $ 30.30 per troy ounce during the Asian season on Monday. Due to the US Federal Reserve (Fed) policy decision coming this week, non-onion metal is facing challenges. It is widely estimated that the Fed will maintain the current interest rates, which is the first break in the rate-cut cycle that began in September.
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