Futures Trade Diverges: Gold Up, Silver Down

by Joy

Gold Futures Rise on Strong Demand

Gold futures saw an uptick in trading on Wednesday, gaining Rs59 to reach Rs77,120 per 10 grams. The increase was driven by speculators building positions amid steady demand in the spot market.

Silver Futures Decline as Traders Scale Back

In contrast, silver futures slipped by Rs199, trading at Rs90,984 per kilogram. The decline was attributed to participants reducing their positions, reflecting a shift in sentiment within the silver market.

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As market dynamics continue to shift, traders are closely monitoring both demand trends and speculative activity to gauge future movements.

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