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The Economic Times

MCX gold slips Rs 243 to Rs 1,47,135/10 grams; silver falls Rs 1,150 to Rs 2,37,264/kg after four-session rise

AI Market Summary
Gold and silver futures pulled back after a four-day rally as investors took profit, despite softer US jobs data reducing near-term Fed hike expectations (September probability ~55%). The move appears positioning-driven rather than a deterioration in fundamentals. Near-term precious metals trading may stay sensitive to Fed communication (upcoming minutes) and cross-asset signals such as oil, with higher short-term volatility around rate expectations.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT-0.54%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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Gold and silver futures on India’s MCX retreated on Monday, snapping a four-day winning streak. The August 2026 gold contract fell Rs 243 to Rs 1,47,135 per 10 grams, while September 2026 silver slid Rs 1,150 to Rs 2,37,264 per kg. The drop was driven by profit-taking even as expectations of a U.S. Federal Reserve rate hike eased, with the implied probability of a September move down to 55%.
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