Gold Price Drops by Rs 1,000 per 10 Grams, Silver Too Falls on MCX Amid Profit Booking | Check City-Wise Rates
- Gold prices on the Multi Commodity Exchange fell by around Rs 1,000 per 10 grams on July 23, 2026, due to profit-booking after a prior rally influenced by global crude oil price concerns.
- Silver prices on the Multi Commodity Exchange also declined, falling over 0.20% amid similar profit-booking behavior.
- Market volatility is driven by geopolitical tensions in the Middle East and the upcoming US Federal Reserve monetary policy decision expected on July 29, 2026, which is impacting bullion prices.
- Analysts project that gold prices will trade between Rs 1.5 lakh and Rs 1.8 lakh per 10 grams through 2026, viewing precious metals as long-term hedges against inflation and geopolitical risks.
16 Articles
16 Articles
Gold prices fall by Rs1,800 per tola
The prices of gold witnessed a decline in the local market on Thursday, with the price of 24-karat gold per tola falling by Rs1,800 to settle at Rs435,636, according to rates issued by the All Pakistan Sarafa Gems and Jewellers Association.
Gold and Silver Prices Today: The upward trend in gold and silver prices over the past three days has suddenly come to a halt. Silver has fallen below Rs 2.22 lakh in one stroke.
Gold and Silver Prices Today: MCX Bullion Falls Amid Profit-Booking Ahead of US Fed Policy Decision
India's precious metals market is experiencing a notable downturn, with gold and silver prices retreating on the Multi Commodity Exchange (MCX) as investors engage in profit-booking. This recent correction comes amidst intensified global focus on elevated crude oil prices and the highly anticipated US Federal Reserve's monetary policy decision, shaping immediate market sentiment and prompting caution among participants. Gold and Silver Prices To…
Gold prices are gradually falling. Traders are opting for profit booking and the demand for the precious metal in the international market has led to a decline in domestic prices. On Friday, the price of 10 grams of gold of 99.9 percent purity fell by Rs 2,000 to Rs 1,47,200 in the New Delhi bullion market.
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