Gold prices surged past the ₹80,000 mark on Wednesday, January 29, hitting a fresh all-time high on the Multi Commodity Exchange (MCX). The sharp rally in gold can be potentially impacted by US Federal Reserve rate cut. Gold futures for February 2025 opened higher at ₹80,325 per 10 grams and quickly soared to an intraday high of ₹80,452 within minutes of the market opening.
According to the latest data from the MCX, gold futures for February 5, 2025, were trading at ₹80,329 per 10 grams, up ₹40 or 0.05%. Silver also recorded gains, trading at ₹91,083 per kg, up ₹32 or 0.04%. Meanwhile, crude oil futures for February 19, 2025, rose by ₹49 or 0.77% to ₹6,389 per barrel. However, copper declined by 0.61%, while natural gas prices slipped 1.48%.
Gold futures for April 4, 2025, were trading at ₹80,932 per 10 grams, up ₹33 or 0.04%. The contract saw a high of ₹81,098 and a low of ₹80,917. Another active contract for gold expiring on March 5, 2025, was trading at ₹80,336 per 10 grams, up ₹91 or 0.11%.
Silver futures expiring on March 5, 2025, also saw an increase, trading at ₹91,066 per kg, up ₹15 or 0.02%. Crude oil contracts saw mixed movements, with the February 19, 2025, contract rising to ₹6,389 per barrel, up ₹49 or 0.77%. However, options on crude oil expiring on February 17, 2025, showed sharp fluctuations, with the ₹6,400 put option trading at ₹188.80, down 7.81%, while the ₹6,600 call option rose 26.99% to ₹98.80.
Natural gas futures for February 25, 2025, declined to ₹266.20 per mmBtu, down ₹4.20 or 1.55%, reflecting weaker demand in global energy markets.
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