Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Just noticed precious metals getting hammered on MCX today after Trump's latest comments on Iran. Silver price crashed hard, down over 5% to around 229,888 per kg, while gold fell about 1.6% to 151,161 per 10 grams. The geopolitical tension is clearly spooking the market right now.
What's interesting is that crude is up more than 4% and the dollar index is climbing, which is putting real pressure on both metals. Spot silver price fell to $72.95 per ounce, so it's not just an India thing. The broader market seems to be pricing in inflation fears from potential military escalation.
Traders like Manoj Kumar Jain are suggesting silver could find support around $64 per ounce and gold around $4,470 per ounce on a weekly basis, but honestly volatility is the name of the game right now. If you're holding these metals, might be worth booking some profits on any bounces rather than averaging down. The uncertainty around US-Iran developments could keep things choppy for a while.