Gold and Silver Prices Remain Volatile on MCX Amid Geopolitical Tensions
The prices of gold and silver on the Multi Commodity Exchange (MCX) remained volatile on Thursday, July 30, 2026, due to escalating geopolitical tensions and the Federal Reserve's decision to hold interest rates steady.
The gold August 5 contract opened with a gain of Rs 144 or 0.10 per cent at Rs 1,41,925 per 10 grams against the previous close of Rs 1,41,781.
However, it later fell to touch an intraday low of Rs 1,41,500, a drop of Rs 281 or 0.19 per cent. The yellow metal futures for October 2026 were down by Rs 297 or 0.21 per cent to trade at Rs 1,42,986 per 10 grams in business turnover of 8,938 lots.
Ponmudi R, CEO of Enrich Money, noted that gold's price is attempting to base near multi-month lows after a sharp decline from the Rs 1,46,000 highs in June. He predicts that if gold holds above Rs 1,42,000, it will keep the near-term bias constructive toward Rs 1,43,000.