New Delhi | Wednesday, January 28, 2026 (09:01 AM IST)
Precious metals dominated early trade on the Multi Commodity Exchange (MCX) on Wednesday, with silver and gold emerging as the top gainers, supported by strong global cues and sustained investor demand.
Silver futures recorded the sharpest gains across contracts. The March 2026 silver contract surged by ₹19,269, or 5.41%, to trade at ₹3,75,548 per kg. Other silver variants also witnessed strong momentum, with Silver Mini and Silver Micro rising nearly 5% each.
Gold prices also traded firm in early deals. Gold February 2026 futures climbed ₹3,021, or 1.92%, to ₹1,60,720 per 10 grams, while Gold Mini gained ₹2,672, trading at ₹1,61,416. Gold Ten and Gold Guinea contracts also posted healthy gains of over 1.3–1.5%.
Among base metals, zinc futures edged higher by 1.42%, while the MCX Bullion Index (MCXBULLDEX) rose nearly 1.7%, reflecting broad-based strength in the bullion segment.
In the energy space, crude oil mini futures gained ₹65, or 1.14%, tracking firm international oil prices.
Market participants attributed the rally to a combination of safe-haven buying, global economic uncertainty, and expectations ahead of the US Federal Reserve policy meeting, while domestic prices were further supported by a weaker rupee and strong physical demand.
