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Explained: What is dragging gold and silver prices lower in India
Gold and silver prices fall sharply on MCX, track global bullion weakness as US Federal Reserve rate hike fears and West Asia tensions weigh on investor sentiments.
Gold's outlook hinges on US payrolls, Fed policy; may test $3,800
Domestically, MCX gold remained relatively resilient, seeing a 5 per cent decline in the June quarter, supported by the depreciation of the Indian rupee and higher import duties.
Only 1/5th the size of NSE? Why Jefferies predicts 27% upside for this near-monopoly stock
Jefferies has initiated coverage on MCX with a Buy rating and a target price of Rs 3,600, implying 27% upside. The brokerage expects strong earnings growth, driven by rising retail participation in commodity derivatives, new product launches, and multiple growth catalysts, while highlighting the exchange’s near-monopoly position in non-agri contracts.
'Well-Placed To Benefit': MCX Rallies As Jefferies Sees 27% Upside On Growth Runway — Check Target Price
MCX share price surged as much as 5.14% to Rs 2,982.6 apiece by 10:22 am.
Gold, Silver Rates Today: Gold On MCX Trades Below Rs 1.42 Lakh, Silver Dips By Rs 4,000
MCX gold August futures contract fell 0.77% or Rs 1,091 to Rs 1,41,280 per 10 grams, while the MCX silver September futures dropped 1.8% or Rs 4,116 to Rs 2,24, 447 per kg.
Gold price today: Gold rate falls 1%, silver crashes 2% on MCX on a stronger dollar, Fed rate-hike bets
As per MCX, domestic spot gold prices dropped by ₹15,100, or nearly 10%, in June to come to ₹1,40,864 per 10 grams, while silver rates declined by ₹38,250, or almost 15%, in June to settle at ₹2,25,125 per kg on 30 June.
Stock Picks Today: Kotak Mahindra Bank, Titan, Dr Reddy, Cummins, MCX, Tata Motors PV, WeWork And More On Brokerages' Radar
Brokerages' Radar
'Buy MCX', Jefferies recommends as it sees more upside on one key factor
While Jefferies is projecting MCX's margins to expand by 260 basis points, its earnings could grow at a 22% CAGR by financial year 2029.
Gold vs Silver: Which commodity offers better return potential in H2 CY26?
During the first half of CY26, Comex gold prices have fallen more than 7%, while silver has corrected over 16%. In the domestic market, while MCX gold price has gained roughly 4% on a in 2026 so far, MCX silver price has declined more than 5% during the same period.
Precious metals under pressure: Check latest gold, silver rates in India and key market factors
MCX gold and silver futures fall as global bullion slides, with US Federal Reserve rate hike expectations and a strong dollar driving sustained bearish pressure.
Gold Price Today: MCX Gold Slips By Rs 1,800 To Rs 1.38 Lakh Ahead of US-Iran Talks
MCX gold July futures contract fell 1.3% to Rs 1,38,630 per 10 grams, while the MCX silver September futures declined 0.85% to Rs 2,20,745 per kg.
Gold rate drops near ₹1,40,500 per 10 grams on MCX; silver declines below ₹2,21,000 per kg; what should investors do?
MCX gold August futures were 1.28% down at ₹1,40,574 per 10 grams, while MCX silver September contracts were 1.04% down at ₹2,20,322 per kg around 9:10 am.