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| Gold near $4700 and silver below $73 as profit-taking weighs |
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| (14:52, 09 Apr 2026) |
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| Gold and silver futures edged lower in electronic trading, with gold hovering near $4,700 per ounce and silver slipping below $72.93, as markets entered a phase of consolidation following recent volatility. The pullback reflects profit-taking and position squaring after sharp gains driven by earlier geopolitical tensions. The U.S.'Iran ceasefire announcement tempered safe-haven demand, while the absence of fresh macroeconomic catalysts kept price action subdued. Although the US dollar remained relatively soft, it failed to provide sustained support to bullion. On the domestic front, MCX gold futures inched up marginally to ₹152,040 per 10 grams, while silver futures declined by around 1% to ₹237,384 per kg, mirroring the cautious global sentiment. Market participants now await key inflation data for clearer directional cues. |
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