Tezzbuzz Desk- Gold prices have registered a slight decline today amid fluctuations in global markets and increasing tension in the Middle East. Due to profit booking by investors and international cues, there has been a slight weakness in gold prices in the domestic market.
Gold price fell on MCX
On Multi Commodity Exchange (MCX), the future price of 24 carat gold fell by Rs 580, or 0.38%, to Rs 1,51,944 per 10 grams. Earlier in the last trading session, gold had closed at Rs 1,52,530 per 10 grams.
According to experts, despite global uncertainty, pressure is being seen on prices due to profit booking by traders and temporary change in demand.
Delhi bullion market also softened
According to All India Bullion Association, gold of 99.9% purity fell by Rs 100 to Rs 1,55,900 per 10 grams in Delhi. On Thursday it was at Rs 1,56,000 per 10 grams.
Similarly, gold of 99.5% purity also fell by Rs 100 to Rs 1,55,100 per 10 grams.
Mixed trend in global market
In the international market, spot gold rose by 0.7% to $ 4,721 an ounce. Experts say that there is still demand for safe investments globally, due to which price volatility continues.
Slight rise in futures market
However, some strength has been seen in the futures market. On MCX, the gold contract for August delivery had increased by Rs 689, or 0.45%, to reach Rs 1,52,950 per 10 grams.
Silver continues to rise
A bullish trend was seen in the silver market compared to gold. The price of silver expiring on July 3, 2026, increased by more than Rs 400 and was trading at Rs 2,62,200 per kg.
Experts believe that due to geopolitical tensions and global economic uncertainty, both gold and silver will continue to fluctuate. Investors are being advised to adopt a cautious approach at present.
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