Trump's announcement of a 10 % tariff on eight European countries over the Greenland acquisition bid has sparked fears of a broader trade war. At around 9:45 am, MCX Gold (February 5 expiry) was trading at Rs 1,44,650, up Rs 2,133 or 1.5 per cent. Meanwhile, MCX Silver (March 5 expiry) was at Rs 2,99,792, up Rs 12,030 or 4.18 per cent. Spot gold is up about 1.6 % to $4,668/oz, and silver spot prices are climbing over 3 % to $93/oz. Immediate support lies around $86.10–$84.75 (MCX ₹2.87 lakh) and resistance at $92.15–$94.40 (MCX Rs 3.00 lakh–Rs 3.02 lakh); a break below support could deepen the dip, whereas holding above resistance may reignite momentum.

Source: dna January 19, 2026 05:52 UTC