Gold, silver rates today LIVE updates: Silver futures decline 10%, check MCX prices

GOlder, ag rates today unrecorded updates: In the house servant commodities securities industry, silver prices dropped sharply, sliding 9% to ₹2,44,654 on the MCX. Gold also weakened, falling 1.25% to ₹1,51,127 per 24-carat, reflecting a cautious mood across markets.However, gold prices in India on Thursday rose by ₹5,510 for 24-carat gold, trading at ₹1,59,730 per 10 grams. Similarly, 22-carat gold was priced at ₹1,46,440 per 10 grams, registering a gain of ₹5,050. Meanwhile, silver prices also strengthened, with the metal quoted at ₹3,37,100 per kg.Why invest in goldGold is widely regarded as a safe and dependable investment option. It serves as a strong hedge against inflation and helps stabilise portfolios during periods of economic uncertainty. Its long-term value and liquidity make it a preferred choice among investors.Why invest in silverSilver remains an attractive investment due to its dual role as a precious and industrial metal. It continues to see strong demand in India’s jewellery market, while limited availability is putting pressure on supply. With prices expected to rise over time, silver offers potential returns and remains more affordable than gold for many investors. Key prices in India Gold24-carat gold (10 grams): ₹1,59,73022-carat gold (10 grams): ₹1,46,440 SilverSilver (1 kg): ₹3,37,100 Gold prices across major cities (per 10 grams)Bengaluru: ₹1,59,560Chennai: ₹1,62,680Delhi: ₹1,59,730Kolkata: ₹1,59,570Mumbai: ₹1,59,590Pune: ₹1,59,610 Silver prices across major cities (per 10 grams)Bengaluru: ₹3,311Chennai: ₹3,341Delhi: ₹3,371Kolkata: ₹3,321Mumbai: ₹3,361Pune: ₹3,381 Global market cuesGold and silver prices dropped sharply on Thursday amid a wider market sell-off, as a stronger dollar and signs of easing US-China trade tensions weighed on precious metals.Spot gold fell 1.7% to $4,876.12 per ounce by 0402 GMT, slipping from a near one-week high touched earlier in the session. Meanwhile, US gold futures for April delivery also declined 1.1% to $4,896.30 per ounce. Spot silver also slumped 12.4%, falling to $77.09 an ounce.In the Asian market, silver plunged by as much as 15%, while gold fell up to 3.5%, marking a sharp reversal after two days of recovery from a historic market sell-off that began on Friday.The precious metals came under pressure because of a global sell-off in technology stocks that spread to Asian markets as investors grew increasingly nervous about high valuations and heavy spending on artificial intelligence. As risk aversion rose, investors cut back on exposure across markets.