MCX Share Price Today: Gold, Silver Hit Fresh Records as Stock Market Reacts to Global Tensions

Market Performance

The stock market today saw precious metals back in focus as Tuesday’s session on December 23 delivered a sharp rally in gold and silver, driving MCX share price–linked commodity contracts to new all-time highs.

The rally was steady, not rushed. Buying interest strengthened as global uncertainty returned to the headlines. Rising geopolitical tensions, combined with expectations of lower US interest rates, created a strong risk-averse mood across global markets. In such phases, gold and silver naturally draw attention.

Gold futures moved decisively higher right from the opening bell, while silver followed the same path, showing broad-based momentum across precious metals on MCX.

Main News: Gold and Silver Rally to New Lifetime Highs

Gold prices on MCX jumped more than ₹1,700 in a single session, marking a fresh record.

• February gold futures opened at ₹1,38,297 per 10 grams
• Previous close stood at ₹1,36,744 per 10 grams
• Intra-day high reached ₹1,38,496 per 10 grams
• Single-day gain: ₹1,752 per 10 grams

Silver mirrored this strength without hesitation.

• March silver futures surged ₹6,577
• Prices touched a new lifetime high of ₹2,19,449 per kilogram

The move was not limited to domestic markets alone. Globally, spot silver rose as much as 1.8%, trading above $70 per ounce for the first time. Gold prices stayed close to $4,500 per ounce, holding firm near record levels.

This synchronized rally highlights how global and domestic cues aligned perfectly in the current stock market today.

What’s Driving the Momentum?

Several factors combined to push precious metals higher, keeping MCX prices well-supported.

Global cues played a key role. Fresh geopolitical tensions renewed safe-haven demand, prompting investors to shift toward non-risk assets like gold and silver.

At the same time, easing inflation data and signs of a softer US labor market strengthened expectations of further interest rate cuts by the US Federal Reserve. Lower interest rates generally favor non-yielding assets such as gold.

Another factor adding strength was currency movement. The US dollar slipped closer to its lowest level since October, making dollar-denominated commodities cheaper for buyers using other currencies. This further supported demand.

Gold’s recent recovery also added confidence. After pulling back from earlier highs in October, prices stabilized and quickly regained momentum, suggesting sustained buying interest.

Geopolitical Developments Keep Metals Firm

Geopolitical stress remained a key undertone throughout the session. Escalating tensions involving the US and Venezuela continued to keep global markets cautious.

Recently, the US stepped up pressure on Venezuela by intensifying restrictions related to oil trade. This added another layer of uncertainty to already fragile global conditions, indirectly supporting precious metal prices.

These developments helped gold and silver stay resilient even as broader global markets remained mixed.

Gold and Silver: Strong Year-to-Date Performance

The ongoing rally is not isolated to a single session. The broader trend across 2025 has been powerful.

• Gold prices are up around 80% in 2025
• Silver prices have surged nearly 150% this year

Gold’s rise has been supported by sustained buying from central banks and steady inflows into gold-backed exchange-traded funds. Holdings in these ETFs increased in almost every month of the year, reflecting consistent long-term interest.

Silver’s performance has been even more striking. The metal benefited from speculative inflows and continued supply disruptions across key global trading centers. A historic short squeeze earlier in October further tightened supply, adding fuel to the rally.

These factors together explain why precious metals remain one of the strongest-performing segments in the stock market today.

Company Details

• Exchange: Multi Commodity Exchange (MCX)
• Key Contracts:
  • Gold Futures (February)
  • Silver Futures (March)
• Segment: Precious Metals
• Market Trend: Record highs across gold and silver contracts

MCX continues to see elevated volumes and strong participation as investors track global developments closely through commodity pricing.

Summary

To sum it up, the MCX share price-linked commodity space witnessed a powerful move as gold and silver climbed to fresh lifetime highs. Rising geopolitical tensions, expectations of lower US interest rates, and a weaker dollar combined to create ideal conditions for precious metals.

Gold gained over ₹1,700 per 10 grams in a single session, while silver crossed ₹2,19,000 per kilogram for the first time ever. Strong global cues, consistent demand, and supply-side pressures kept momentum intact.

As the stock market today navigates global uncertainty, precious metals continue to reflect caution, confidence, and capital rotation—all in one move.

Source: Livemint