By Admin 
Gold Silver Price: There is tremendous excitement being seen in the Indian commodity market on the trading day of Wednesday, January 21. Gold prices have reached their all-time high. There is also a strong rise in the prices of silver. Possibilities of US-Europe trade war, weakness of dollar and strong retail demand are being said to be the main reasons behind this rise.
Gold futures for February 5 on Multi Commodity Exchange (MCX) have reached the figure of Rs 1,58,250 (per gram). Let us know the latest price of gold and silver and the reason for the rise in these precious metals…
Panic in the global market
The increasing tension between America and Europe has once again become a cause for concern for investors. There is a possibility of trade war between the two sides. According to media reports, the European Parliament may consider stopping the process of approving the US trade agreement signed in July. Meanwhile, US President Donald Trump has refused to back down from his aggressive policy regarding Greenland, which has further increased the uncertainty.
US President Trump had announced to impose 10 percent tariff on eight European countries from February 1. Amidst these uncertain situations arising globally, investors are getting attracted towards gold and silver as a safe investment.
Latest price of gold and silver on MCX
On the Multi Commodity Exchange (MCX), gold futures with expiry of February 5, 2026 were trading at Rs 1,57,750 (per 10 grams) around 10:30 am on Wednesday. On its last trading day, gold on MCX had closed trading at Rs 1,50,565.
On MCX, gold with expiry of February 5 was showing a rise of about Rs 7185 from the previous day’s closing price. MCX Gold had reached a high level of Rs 1,58,339 in early trade.
Silver with expiry of March 5, 2026 was trading at Rs 3,32,142 (per kg) on MCX. Which shows a jump of about Rs 8850 from the previous day’s closing price. MCX Silver had reached a high level of Rs 3,34,027 in early trade.
Investors are getting attracted towards safe investment options
Due to increasing global uncertainty and fear of trade war, investor confidence in risky assets has wavered. For this reason, they are now seen shifting towards safe investment options like gold and silver as safe haven.
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