MCX Gold and Silver Futures Decline Amid Crude Oil Price Surge
The prices of gold and silver futures on the Multi Commodity Exchange (MCX) have declined due to rising crude oil costs, which are fuelling inflation concerns. Investors are exercising caution ahead of upcoming U.S. economic data releases that will influence interest rate decisions.
On Thursday, September 10, 2026, precious metal prices in India faced downward pressure as trading on the MCX reflected growing anxiety over the global economic outlook. Both gold and silver futures traded lower, mirroring a cautious sentiment among market participants driven by surging energy costs and anticipation of incoming U.S. inflation data.
The benchmark October gold contract on the MCX was trading lower by ₹113, settling around the ₹153,650 level per 10 grams. The December silver contract saw a sharper decline, falling by ₹1,103 to trade at ₹243,110 per kilogram. This recent slide is attributed to a complex mix of geopolitical and economic factors, including ongoing tensions in the Middle East.