Gold Falls Below ₹1.42 Lakh Amid Middle East Tensions
Gold and silver prices in India have declined due to escalating geopolitical tensions in the Middle East and a stronger US dollar. On the Multi Commodity Exchange (MCX), gold futures for August delivery opened at Rs 1,42,392 per 10 grams, down 0.30 per cent from the previous close of Rs 1,42,821 per 10 grams.
The yellow metal fell as much as Rs 1,079 or 0.75 per cent to an intraday low of Rs 1,41,742 per 10 grams, but managed to touch an intraday high of Rs 1,42,518 before trading at Rs 1,42,376, down Rs 445 or 0.31 per cent.
Silver futures for September delivery also opened lower at Rs 2,18,280 per kg, down Rs 1,095 or 0.49 per cent from the previous close of Rs 2,19,375 per kg.
The white metal declined by as much as Rs 2,050 or nearly 1 per cent to hit an intraday low of Rs 2,17,325 per kg, but touched an intraday high of Rs 2,20,000 per kg during the session.