Gold Surges 2%, Silver Jumps 6% on MCX Amid Weak Dollar, Geopolitical Tensions

Commodity
M
Moneycontrol•09-02-2026, 11:41
Gold Surges 2%, Silver Jumps 6% on MCX Amid Weak Dollar, Geopolitical Tensions
- •Gold April futures on MCX surged over 2% (3,000 rupees) to 1,58,500 rupees per 10 grams.
- •Silver March contracts on MCX soared 6% (15,000 rupees) to 2,64,885 rupees per kilogram.
- •Weak dollar, good spot demand, and geopolitical uncertainties are driving the rally.
- •US-Iran nuclear talks begin, but Tehran maintains uranium enrichment stance.
- •Experts recommend buying MCX COPPER (FEB) at 1238 (target 1260, stop loss 1220) and selling MCX NATURAL GAS (Feb) at 317.7 (target 298, stop loss 320).
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