Gold and silver prices opened lower on the Multi Commodity Exchange (MCX) on Tuesday as traders weighed the fragile ceasefire between Israel and Iran while keeping a close watch on developments in the broader Middle East conflict. Concerns over inflation and the prospect of higher interest rates also remained in focus.
In the domestic market, MCX silver futures for July 2026 delivery were down Rs 2,457 (1%) to Rs 2,43,932 per kg. Gold futures for August 2026 delivery slipped Rs 388 to Rs 1,53,396 per 10 grams. In the previous session, silver crashed nearly 7%, while gold dipped over 2%.
