Gold Extends Winning Streak to Fourth Session
The Indian commodities market witnessed a significant surge in gold prices as futures contracts extended their bullish run for the fourth consecutive trading day. The precious metal's impressive performance was primarily driven by a weakening US dollar and positive signals from international markets.
Substantial Price Appreciation Recorded
On the Multi Commodity Exchange (MCX), gold futures for December delivery appreciated by Rs 2,033, representing a substantial 1.7 per cent increase in value. This upward movement pushed the contract price to Rs 1,23,100 per 10 grams, reflecting growing investor confidence in the yellow metal.
Market Drivers Behind the Rally
The consistent upward trajectory in gold prices can be attributed to multiple factors working in tandem. The US dollar's weakness against major global currencies has made dollar-denominated gold more attractive to international buyers. Simultaneously, firm global cues have provided additional momentum to the precious metal's rally.
Market analysts note that the current bullish trend demonstrates gold's resilience as a safe-haven asset during times of economic uncertainty. The four-day consecutive gain represents one of the most sustained upward movements witnessed in recent trading sessions, indicating strong underlying demand for the precious metal.
The trading activity on November 10, 2025, saw robust participation from both institutional and retail investors, with the December contract emerging as the most actively traded gold futures instrument on the MCX platform. This sustained buying interest suggests that market participants anticipate further appreciation in gold values in the near term.
