Gold, Silver Prices On February 24: Gold Crosses Rs 1.60-Lakh Mark, Silver Trades Flat On MCX

On February 24, gold and silver prices displayed contrasting trends on the Multi-Commodity Exchange (MCX). Gold futures for April experienced a decline, trading at Rs 1,60,990, reflecting a decrease of Rs 608 or 0.38%. This downward trend in gold prices comes amid fluctuating market conditions, which have influenced investor sentiment. In contrast, silver futures for March showed a positive movement, increasing by Rs 506. The rise in silver prices indicates a shift in market dynamics, potentially driven by varying demand and supply factors. As investors navigate the precious metals market, these price movements are critical indicators of broader economic conditions and market trends, particularly in the context of India's ongoing inflationary pressures and global economic uncertainties.