HighNegative
Announced Thu, 9 Jul · 09:43 IST

Gold prices fall to Rs 1.43 lakh/10 grams, silver dips Rs 15,000 in 4 days as Iran war raises inflation worries. Time to exit?

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

MCX gold futures for August 2026 delivery fell to Rs 1,43,101 per 10 grams while silver futures for September 2026 dropped to Rs 2,21,502 per kg as renewed US-Iran conflict pushed oil prices higher and stoked inflation concerns. Spot gold slipped to $4,066.24/oz and silver to $58.13/oz in international markets, with the US dollar and equities weakening. Experts advise traders to avoid fresh buying at current levels but suggest long-term investors accumulate in a staggered manner during the correction.