Gold and silver prices opened slightly lower on the Multi Commodity Exchange (MCX) on Friday as investors weighed uncertainty surrounding the prolonged Middle East conflict against reports of a possible extension of the U.S.-Iran ceasefire agreement. This comes despite concerns over inflation and the U.S. interest rate outlook continued to keep sentiment cautious.
In the domestic market, MCX silver futures for July 2026 delivery were down Rs 1,518 or 0.5% to Rs 2,68,018 per kg. Gold futures for June 2026 delivery slipped marginally by Rs 609 at Rs 1,56,316 per 10 grams. In the previous session, silver and gold ended up to 2% higher.
