Gold & Silver Rates Today: Gold and silver prices are kept under pressure in the opening sessions, after some softness in global bullion markets and that dampened investor sentiment a bit. On the Multi Commodity Exchange (MCX), gold futures fell about Rs 1,150 for 10 grams, whereas silver futures dropped a steep Rs 3,250 per kilogram, mirroring the COMEX precious metals slide. A firmer US dollar and profit booking basically took the shine off demand for safe haven assets.
MCX Gold and Silver Prices Today
During the session, MCX Gold (August futures) touched an intraday low of around Rs 1,45,767 per 10 grams, down about Rs 1,150 from the previous close. Meanwhile, MCX Silver (September futures) fell as much as Rs 3,250 to an intraday low of nearly Rs 2,35,317 per kilogram before recovering some of the losses.
Analysts said the correction follows weakness in COMEX bullion prices, where both gold and silver declined after the US dollar strengthened. Traders are also booking profits after bullion recently touched multi-week highs. In addition, investors are awaiting the minutes of the Federal Open Market Committee (FOMC) meeting for clues on the future interest rate trajectory in the United States.
Gold, Silver Price Today (July 7): Check Latest 22K, 24K Gold Prices, Silver Rate and MCX Update
Gold & Silver Rates Today: City-wise
- Delhi: Rs 1,48,900, Rs 1,36,500
- Mumbai: Rs 1,48,750, Rs 1,36,350
- Chennai: Rs 1,49,300, Rs 1,36,900
- Kolkata: Rs 1,48,750, Rs 1,36,350
- Bengaluru: Rs 1,48,800 , Rs 1,36,400
- Hyderabad:v Rs 1,48,750, Rs 1,36,350
- Ahmedabad: Rs 1,48,950, Rs 1,36,550
- Pune: Rs 1,48,750, Rs 1,36,350
Silver Rate Today
Physical silver prices also mirrored the weakness seen in futures markets. Retail silver continued to trade above Rs 2.35 lakh per kilogram in major cities, though rates differ among bullion dealers and jewellers depending on local demand and inventory levels.
What Investors Should Watch Next?
The near-term movement in gold and silver is expected to remain heavily influenced by global macroeconomic developments. Apart from the US Federal Reserve minutes, traders will closely monitor movements in the US dollar.
