Rates of precious metals in futures continue to fall on Tuesday, July 07, 2026, as investors await the Federal Reserve’s June meeting minutes for insights on interest rates. The gold August 5 contract on the Multi Commodity Exchange (MCX) opened with a drop of Rs 351, or 0.23 per cent, to Rs 1,46,566 per 10 grams, against the previous close of Rs 1,46,917. It fell further to an intraday low of Rs 1,45,351, down Rs 1,566 or 1.06 per cent. In between, it touched an intraday high of Rs 1,46,566. Last seen, it was trading at Rs 1,45,549, down Rs 1,368, or 0.93 per cent.
On the MCX, the yellow metal futures for October 2026 were down by Rs 1,410, or 0.94 per cent, to trade at Rs 1,48,701 per 10 grams, with a business turnover of 2,410 lots.
Silver Price On MCX
Similarly, the silver futures, maturing on September 4, 2026, opened in the red. It started the trading session at Rs 2,34,100 against the previous close of Rs 2,36,099, a drop of Rs 1,999 or 0.84 per cent. Last seen, it was trading at Rs 2,32,296 with a drop of Rs 3,803 or 1.61 per cent.
Gold Price in the International Market
In the international market, the COMEX gold price slipped 0.70 per cent to approximately USD 4,138.3 per troy ounce. The spot gold price at 12 noon was USD 4,126.78 per ounce, down by USD 28.24 or 0.68 per cent.
“Bullion prices dropped on MCX, with gold down about 1 per cent and silver by 1.3 per cent as investors awaited the Federal Reserve’s June meeting minutes for insights on interest rates. Internationally, spot gold fell below USD 4,150 per ounce, and silver hovered around USD 61 per ounce. The market sentiment weakened following disappointing US employment data for June and revisions to previous payroll figures, lowering expectations for an immediate Fed rate hike to about a 50 per cent likelihood for September,” Pinky Yadav, Commodity Fundamental Analyst at Choice Broking.
Check Gold, Silver Prices In Major Cities
Gold price in Delhi
In Delhi, the 24-carat gold price was quoted at Rs 1,45,541 per 10 grams. For 22-carat gold, the consumer would have to spend Rs 1,33,330 per 10 grams.
Gold price in Mumbai
In Mumbai, 24-carat gold was available at Rs 1,45,260 per 10 grams, while 22-carat gold stood at Rs 1,33,150 per 10 grams.
Gold price in Kolkata
The 24-carat gold price in Kolkata today was Rs 1,45,260 per 10 grams, while the rate for 22-carat gold was Rs 1,33,150 per 10 grams.
Gold price in Chennai
In Chennai, the 24-carat gold was available for Rs 1,46,180 per 10 grams. For 22-carat gold, the rate was Rs 1,34,000 per 10 grams.
Silver prices in Delhi
The price of silver per kg in the national capital was Rs 2,44,900.
Silver price in Mumbai
In Mumbai, the consumer would have to pay Rs 2,44,900 per kg today to buy the precious metal.
Silver price in Kolkata
In Kolkata, the price of 1 kg of silver stood at Rs 2,44,900.
Silver price in Chennai
In Chennai, the price of the precious metal stood at Rs 2,50,000 per kg.
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(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)
