The Economic Times
12h ago
MCX gold drops Rs 960 to Rs 1,45,958 per 10 grams; silver falls Rs 2,913 to Rs 2,33,186 per kg ahead of Fed minutes
Gold and silver futures extended their decline for a second session on India’s MCX on Tuesday, with August 2026 gold down Rs 960 at Rs 1,45,958 per 10 grams and September 2026 silver down Rs 2,913 at Rs 2,33,186 per kg. In international markets, spot gold slipped 0.6% to $4,138.32 an ounce and spot silver fell 1% to $61.48 an ounce. Markets are focused on the Federal Reserve’s June meeting minutes due Wednesday, with traders now pricing in a roughly 56% probability of a rate increase in September, according to the CME FedWatch tool. The minutes could shift expectations and trigger short-term volatility.