Gold and silver prices opened lower on the MCX on Friday as investors booked profits after a sharp surge in the last couple of sessions. The drop came despite mild US inflation data, which also weakened expectations of a Federal Reserve rate hike in September.
In the domestic market, MCX silver futures for September 2026 delivery were down by Rs 2,537 to Rs 2,32,910 per kg. Gold futures for October 2026 delivery declined by Rs 1,162 to Rs 1,52,304 per 10 grams. Silver is down Rs 5,000 over two days, while the yellow metal has declined Rs 2,600/gram.
