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MCX gold August futures rise 0.26% to ₹1,40,718/10g; silver September slips 0.23% to ₹2,15,512/kg on 17 July

AI Market Summary
Mixed gold and silver action reflects competing forces: geopolitical tension lifting oil prices and inflation concerns supports haven demand, while rising US Fed rate-hike expectations pressure non-yielding metals via higher real yields. The report highlights volatility rather than a directional trend, implying near-term price sensitivity to energy moves, inflation prints, and shifts in rate expectations.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT-0.94%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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MCX gold August futures rose 0.26% to ₹1,40,718 per 10 grams, while MCX silver September futures fell 0.23% to ₹2,15,512 per kg around 9:05 am on 17 July. Prices were volatile in morning trade amid weak global cues and tepid spot demand. The article said US-Iran tensions have pushed up crude oil prices, reviving inflation worries and reinforcing bets on a near-term US Federal Reserve rate hike. Expectations of higher rates can weigh on gold because it is a non-yielding asset.
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