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Lokmat Times

Gold climbs nearly 2% to $4,205.50/oz on July 6, 2026; silver rises 3.11% to $62.965/oz

AI Market Summary
Gold and silver rallied as weak US jobs data reduced expectations of further Fed rate hikes, reinforcing the rate-sensitive bid for precious metals. Comex gold rose nearly 2% and silver gained over 3%, while Indian MCX futures were volatile but broadly firmer. The move highlights how shifting US policy-rate expectations and softer energy prices can quickly reprice bullion in the short term.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT-0.77%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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On July 6, 2026, Comex gold rose nearly 2% to $4,205.50 per ounce and silver gained 3.11% to $62.965 per ounce after weak US jobs data. In India, MCX gold and silver futures also moved higher but saw intraday volatility. Across major cities, 24K gold was quoted around ₹14,672–₹14,945 per gram, while silver was priced at ₹2,49,900–₹2,59,900 per kg. The move highlights how shifts in interest-rate expectations can be rapidly priced into precious metals.
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