Gold futures on the Multi Commodity Exchange (MCX) dropped by Rs 1,499 to Rs 1,46,518 per 10 grams in the August 5 contract, marking a 1.01 percent decline from the previous close.
Prices fell further to Rs 1,46,444 before recovering to an intraday high of Rs 1,48,089. Last traded levels stood at Rs 1,47,650, down Rs 367 or 0.25 percent.
October 2026 gold futures also slipped by Rs 429 to Rs 1,50,913 per 10 grams. Analysts noted that a decisive break below Rs 1,46,000 could intensify selling pressure, dragging prices toward the Rs 1,45,000–Rs 1,43,000 support region. Ponmudi R, CEO of Enrich Money, said the near‑term bias remains cautious to negative, with recovery above Rs 1,50,000 required to stabilise the structure.
Silver futures maturing July 3, 2026, opened lower at Rs 2,31,671 per kg, down Rs 3,834 or 1.62 per cent. Prices later touched Rs 2,30,493, a drop of Rs 5,012 or 2.12 per cent.
Internationally, COMEX gold slipped 0.57 per cent to USD 4,109.6 per troy ounce, while spot gold traded at USD 4,089.68 per ounce, down USD 20.87.
City‑wise gold prices showed Delhi at Rs 1,45,790 per 10 grams for 24‑carat and Rs 1,33,650 for 22‑carat. Mumbai and Kolkata quoted Rs 1,45,640 for 24‑carat and Rs 1,33,500 for 22‑carat. Chennai recorded higher rates at Rs 1,47,280 for 24‑carat and Rs 1,35,000 for 22‑carat.
Silver stood at Rs 2,50,000 per kg in Delhi, Mumbai, and Kolkata, while Chennai reported Rs 2,60,000 per kg.
