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India MCX gold futures at ₹1,41,599/10g on August 1; silver slips to ₹2,17,488/kg

AI Market Summary
India's gold was broadly flat while silver fell, reflecting mixed near-term precious-metals demand. Softer US inflation reduced perceived odds of a September Fed hike (to ~65% from >80%), a macro tailwind for bullion, but COMEX gold and silver still declined on profit-taking and a firmer USD. Near-term pricing is likely to remain sensitive to US data, USD moves, and geopolitical risk.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT-0.15%
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 August 1, 2026, India’s MCX August gold futures were quoted at ₹1,41,599 per 10 grams, up 0.06%, while MCX September silver futures stood at ₹2,17,488 per kg, down 1.13%. Softer U.S. inflation data has pushed market expectations for a Federal Reserve rate hike in September down to 65% from above 80% previously. In international trade, COMEX gold was at $4,098.60 per ounce (-1.49%) and COMEX silver at $57.775 per ounce (-2.10%). The macro shift has been a direct driver of moves in precious metals prices.
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
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