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India TV News

MCX gold slips below Rs 1.40 lakh per 10 grams as silver futures fall

AI Market Summary
MCX gold slipped below the Rs 1.40 lakh/10g psychological level and silver futures also declined, despite a marginal uptick in COMEX gold while spot prices eased. The move is framed against rising crude oil prices tied to escalating West Asia tensions, suggesting mixed cross-asset signals. Near-term, the news highlights softer local bullion pricing and cautious positioning amid energy-driven macro uncertainty.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT+1.76%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
On July 17, 2026, MCX gold futures for the August 5 contract briefly fell below the Rs 1.40 lakh per 10 grams mark, hitting an intraday low of Rs 139,801. MCX silver futures for the September 4 contract declined 1.01% to Rs 213,824 per kg. The move came as global crude oil prices rose on escalating geopolitical tensions in West Asia, while COMEX gold edged up and spot prices dipped.
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