MCX gold August futures slip 1.41% to ₹1.47 lakh/10 grams as MCX silver July rises 0.92% to ₹2.35 lakh/kg

On June 22, MCX gold August futures traded at ₹1.47 lakh per 10 grams, down 1.41%, after slipping below the key ₹1.51 lakh support level and weakening the technical setup. MCX silver July futures rose 0.92% to ₹2.35 lakh per kg, supported by fresh buying on dips. Analysts said higher U.S. Treasury yields and expectations of elevated interest rates weighed on non-yielding gold, while reported progress in Iran-U.S. peace talks offered only a brief stabilisation attempt amid continued tensions around the Strait of Hormuz. If gold falls below ₹1.46 lakh per 10 grams, it could extend losses toward ₹1.40 lakh per 10 grams.