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Gold rises 309 rupees as silver drops 735 in futures

By Markets Desk · 2026-09-11 · 1 min read
A polished bar of gold and a silver ingot resting on a dark surface
Illustration: Tradingbird

Gold futures advanced 0.20 percent to 1,52,650 rupees per 10 grams. Silver contracts declined 0.31 percent to 2,33,364 rupees per kilogram.

Gold futures rose 309 rupees to 1,52,650 per 10 grams on the Multi Commodity Exchange. The contract value increased by 0.20 percent during Friday trading. Speculators opened fresh positions to support the price movement. Spot market demand remained firm throughout the session.

Silver futures fell 735 rupees to 2,33,364 per kilogram. The decline represented a 0.31 percent drop in value. Traders reduced their holdings, creating selling pressure. This contrasted with the buying activity seen in the gold market.

MCX turnover reflects activity

Gold contracts recorded a business turnover of 10,209 lots. Silver contracts showed higher volume with 13,394 lots traded. The October gold delivery contract led the gain. The December silver delivery contract led the loss.

Global prices show divergence

International gold futures rose 0.44 percent to 4,387.97 US dollars per ounce. The New York market reflected the domestic upward trend. Silver traded 0.84 percent lower at 64.381 US dollars per ounce. Global silver prices mirrored the domestic decline.

Market drivers remain distinct

Analysts cited fresh buying interest as the primary driver for gold. Silver suffered from position unwinding by market participants. The two metals moved in opposite directions on the exchange. GN auto markets reports these shifts in precious metals trading.

Based on reporting by GN auto markets/commodities: gold prices, compiled by the Tradingbird desk.

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