Gold and Silver Prices Hold Steady After Historic Rally
Gold and silver prices in international markets steadied on Tuesday. This followed a dramatic surge to record highs in the previous session. The initial rally was fueled by growing market anxiety. Investors are worried about the Federal Reserve's independence.
Political Tensions Drive Market Volatility
The Donald Trump administration recently threatened the central bank with a criminal indictment. This unprecedented move created significant uncertainty. It directly impacted precious metal markets. A weak US dollar further supported bullion prices during this period.
Spot gold price eased slightly to near $4,588 per ounce. This minor correction came after a sharp 2% jump on Monday. Silver prices also saw a pullback. They dropped by 1.2% after an impressive surge of more than 6% just one day earlier.
Indian Markets Follow Global Trend
MCX gold and silver prices mirrored the international rally. They also climbed to record high levels. MCX gold rates gained over 2%. The price settled near ₹1.42 lakh per 10 grams. MCX silver prices performed even stronger. They jumped more than 6% to cross the ₹2.68 lakh per kg mark.
The criminal probe into Federal Reserve Chair Jerome Powell deepened market concerns. This political development remains a key driver for precious metal investments. Traders are closely monitoring the situation for further cues.
Market analysts note that such political interventions are rare. They typically create safe-haven demand for gold and silver. The current price action reflects this traditional market behavior.
Key Points to Remember:- International gold steadied after a 2% surge to record highs
- Silver prices corrected 1.2% following a 6% rally
- MCX gold reached ₹1.42 lakh per 10 grams
- MCX silver crossed ₹2.68 lakh per kg
- Trump administration threats against the Fed triggered the rally
The precious metals market continues to react to political developments. Investors should stay informed about ongoing tensions between the administration and the central bank. These factors will likely influence price movements in the coming sessions.
