Investors witnessed a strong rally in the precious metals market as gold and silver prices moved sharply higher during the latest trading session. Silver recorded a bigger jump, gaining Rs 3,879, while gold prices climbed by Rs 1,615, reflecting positive momentum in futures trading.
Gold crosses Rs 1.44 lakh mark
Gold started the session on a positive note after its previous closing price of Rs 1,42,552. The metal opened at Rs 1,43,562 and continued its upward movement as buying activity strengthened. During the session, gold touched a high of Rs 1,44,167, while Rs 1,43,562 remained its lowest recorded level.
With this movement, gold registered a rise of Rs 1,615 compared to its previous closing price, taking its trading price to above Rs 1.44 lakh.
Silver records a sharper rally
Silver prices also witnessed a substantial upward movement. After ending the previous session at Rs 1,85,100, the metal began trading at Rs 1,88,600.
The buying momentum pushed silver to an intraday peak of Rs 1,88,979, while its lowest level during the session was Rs 1,87,917. Compared with the previous close, silver gained Rs 3,879, registering a stronger rise than gold.
The latest movement highlights the significant gains recorded by both precious metals in the futures market, with silver leading the rally in terms of price increase.