New Delhi, 19 January (H.S.): Despite marginal declines in domestic bullion prices, both gold and silver exhibited robust gains on the Multi Commodity Exchange (MCX) on Monday. Gold February futures contract jumped ₹2,381—or 1.67%—to a record high of ₹1,44,870 per 10 grams.
Similarly, silver March futures soared ₹12,586—or 4.37%—to ₹3,00,239 per kilogram.Copper mirrored this upward momentum, with its January futures contract rising ₹14.50—or 1.12%—to trade at ₹1,304.05. Natural gas futures also posted sharp gains, with the January contract surging ₹30.10—or 11.80%—to ₹313.50. However, crude oil futures bucked the trend, declining ₹24—or 0.44%—to ₹5,423.
Market experts attribute this volatility to US President Donald Trump's threat to impose additional tariffs on European nations over the Greenland issue, creating global economic uncertainty. TNV Financial Services CEO Tarakeshwar Nath Vaishnav noted that geopolitical tensions are raising fears of worldwide economic stagnation.
This uncertainty has prompted investors to pile into safe-haven assets like gold, silver, and industrial metals like copper, driving international prices higher. The global rally has spilled over into domestic MCX trading, fueling Monday's strength.
---------------
Hindusthan Samachar / Jun Sarkar
