Gold, Silver Prices Jump: Rs 7,000 Surge, Is the Market Shifting?

• Gold and silver prices saw significant increases on the Multi Commodity Exchange (MCX) on February 11.
• Gold April Futures rose by 0.68% (Rs 1,065) to Rs 1,57,868, while Silver March Futures surged by 2.95% (Rs 7,442) to Rs 2,59,990.
• In the domestic market, 24-carat gold decreased by Rs 270, 22-carat by Rs 200, and 18-carat by Rs 200, while silver prices remained stable.
• International gold prices crossed $5000, influenced by falling US Treasury bond yields and signs of a slowing economy.
• Increased demand in India, along with global developments and interest rate policy expectations, are driving price fluctuations.