MCX Gold, Silver Prices Today: Silver Trades Below Rs 2 Lakh, Gold Near Rs 1.43 Lakh

MCX gold and silver futures traded higher on Monday, October 26, with both precious metals registering gains during the session. However, silver continued to trade below the Rs 2 lakh mark per kg.

MCX silver futures were trading at Rs 1,96,687 per kg, up 0.49% from the previous close. Meanwhile, MCX gold futures stood at Rs 1,42,785 per 10 grams, gaining 0.54%.

The gains in both precious metals came as investors tracked global market developments, movements in the US dollar and expectations surrounding the US Federal Reserve’s monetary policy.

MCX Silver Price Today

Silver futures on the Multi Commodity Exchange (MCX) were trading at Rs 1,96,687 per kg on Monday, up 0.49%. Despite the recovery, the white metal remained below the psychologically

important Rs 2 lakh level.

Market participants will watch whether silver can sustain its gains and move back above this threshold. Industrial demand, global bullion prices and movements in the dollar are among the factors that could influence its near-term trajectory.

MCX Gold Price Today

MCX gold futures were trading at Rs 1,42,785 per 10 grams, up 0.54% during the session.

Investors continue to monitor global economic uncertainty, geopolitical developments and the outlook for US interest rates for cues on gold prices. Expectations of changes in monetary policy can influence the dollar and bond yields, affecting the appeal of non-yielding assets such as gold.

Ponmudi R, CEO of Enrich Money, said, “COMEX silver futures opened near $54.30 and are trading around $54.40, up 0.86%, outperforming gold. Prices have moved back above the $53.50-$54.00 zone, which now serves as immediate support, followed by $51.50–$52.00. On the upside, resistance lies at $56.00–$56.50, with the next hurdle at $58.00–$58.50. Both Friday’s and today’s lows held above $53.50, suggesting repeated buying interest in this support band. The RSI, near 32, remains close to oversold territory, while the MACD histogram continues to signal negative momentum.”

He added that silver is trading near a one-year low, while the gold-silver ratio has widened above 74, as rising rate expectations and weaker risk appetite have intensified selling pressure. Although silver’s industrial-demand base could provide some support against a deeper decline, it has yet to reverse the prevailing bearish momentum.

“The near-term bias remains cautious. A sustained move above $56.00–$56.50 would strengthen the recovery, while a decisive break below $53.50–$54.00 could expose prices to further downside toward $51.50-$52.00,” Ponmudi said.

He added that COMEX gold futures opened steady near $4,010 and rose to around $4,030, up 0.53%, after briefly slipping below the $4,000 mark before recovering. Immediate support lies in the $3,970-$4,000 zone, followed by $3,900, while resistance is placed at $4,070-$4,100 and then $4,170-$4,200.