Gold, silver futures trade higher on hopes of easing West Asia tensions - business-standard.com

AI desk brief

Gold and silver futures traded firmer on Sept. 22 even as diplomatic efforts to ease West Asia tensions weighed on crude, with Comex gold around $4,385/oz and Comex silver near $66.61/oz. On MCX, October gold was last up ₹341 at ₹1,53,435/10g after printing an intraday high of ₹1,53,497, while December silver was up ₹833 at ₹2,40,150/kg after a high of ₹2,40,529.

The move leaves the market trading near record territory, with the article noting earlier highs of ₹1,80,779 for MCX gold and ₹4,20,048/kg for MCX silver, and Comex records of $5,586.20/oz for gold and $121.79/oz for silver. The immediate read is that geopolitical risk remains an active support, even as easing West Asia tensions could cap further safe-haven upside if the de-escalation narrative strengthens.