Gold futures started the new year on a firm note and edged higher by ₹119 to ₹1,35,566 per 10 grams on Thursday as investors remained cautious amid limited global cues.
On the Multi Commodity Exchange (MCX), the yellow metal for February delivery moved in a narrow range after opening higher. It pared early gains due to increase in demand by the stockists.
Gold futures were trading higher by ₹119, or 0.09 per cent, to ₹1,35,566 per 10 grams in a business turnover of 15,782 lots. It had closed at ₹1,35,447 per 10 grams on Wednesday.
It had touched a lifetime high of ₹1,40,465 per 10 grams on December 26.
Silver futures too started the New Year on a positive note but could not sustain the momentum and slipped into losses. The white metal for March contract declined by ₹450, or 0.19 per cent, to ₹2,35,251 per kilogram in 13,211 lots.
The metal finished at ₹2,35,701 per kg in the previous market session. It had scaled a fresh peak of ₹2,54,174 per kg on December 29.
Traders said bullion prices remain range-bound as the domestic market was open for the day session, with MCX closed for the evening session on Thursday.
On the global front, Comex gold futures for February delivery slipped by $25, or 0.57 per cent, to close at $4,332.10 per ounce in New York on Wednesday. The precious yellow metal had climbed to record $4,584 per ounce on December 26.
Silver futures also dropped by $7.33, or 9.37 per cent, to finish at $70.89 per ounce in the overseas trade. The white metal had surged to touch a record of $82.67 per ounce on December 29.
Meanwhile, US markets remained closed on Thursday on account of the New Year’s Day holiday, limiting cues for precious metals.
Published on January 1, 2026
