Daijiworld Media Network – Mumbai
Mumbai, Jul 10: Gold and silver futures traded lower on the Multi Commodity Exchange (MCX) on Friday amid subdued spot demand and renewed geopolitical tensions involving the US and Iran.
The August 5 gold contract on the MCX opened Rs 410 lower at Rs 1,44,890 per 10 grams, compared to the previous close of Rs 1,45,300. During the session, it slipped to an intraday low of Rs 1,44,400, down Rs 900 (0.61%). It later traded at Rs 1,44,430, down Rs 870 (0.60%).
The October 2026 gold futures also declined Rs 1,161 (0.78%) to Rs 1,47,348 per 10 grams.
Market experts said gold remains under pressure in the near term, with immediate support seen around Rs 1,44,000-Rs 1,43,600, while resistance is expected in the Rs 1,45,000-Rs 1,45,500 range.
Silver futures also witnessed selling pressure. The September 4 contract opened nearly flat at Rs 2,26,368 per kg, compared to the previous close of Rs 2,26,377, before falling to an intraday low of Rs 2,22,600. It was later trading at Rs 2,23,075, down Rs 3,302 (1.46%).
In the international market, COMEX gold fell 0.64 per cent to around USD 4,114.5 per troy ounce, while spot gold traded at USD 4,106.36 per ounce, down USD 25.54 (0.62%).
Gold prices in major cities:
• Delhi: 24-carat – Rs 1,44,950; 22-carat – Rs 1,32,900 per 10 grams.
• Mumbai: 24-carat – Rs 1,44,820; 22-carat – Rs 1,32,750 per 10 grams.
• Kolkata: 24-carat – Rs 1,44,820; 22-carat – Rs 1,32,750 per 10 grams.
• Chennai: 24-carat – Rs 1,45,640; 22-carat – Rs 1,33,500 per 10 grams.
Silver prices per kg:
• Delhi: Rs 2,40,000
• Mumbai: Rs 2,40,000
• Kolkata: Rs 2,40,000
• Chennai: Rs 2,45,000