English
English
English
Representational Image (Img- Pinterast)
Mumbai: Gold and silver prices remained under pressure on Monday, June 29, 2026, as precious metals witnessed sharp volatility in futures trade amid rising global uncertainty after the recent US-Iran strikes in the Gulf region.
On the Multi Commodity Exchange (MCX), gold futures for the August 5 contract opened slightly higher at Rs 1,44,180 per 10 grams, up Rs 18 from the previous close of Rs 1,44,162. However, the yellow metal soon lost momentum and slipped to an intraday low of Rs 1,42,690, falling Rs 1,472 or 1.02 per cent.
At the last update, MCX gold was trading at Rs 1,43,401 per 10 grams, down Rs 761 or 0.53 per cent. The October 2026 gold futures contract was also trading weak at Rs 1,46,836 per 10 grams, down Rs 904 or 0.61 per cent.
Market experts said gold may remain cautious in the near term. According to Ponmudi R, CEO of Enrich Money, immediate resistance for gold is seen around Rs 1,45,000-Rs 1,45,500. A sustained move above this range may take prices towards Rs 1,46,500–Rs 1,47,000 and further up to Rs 1,48,000.
On the downside, a break below Rs 1,43,000 could increase selling pressure and drag prices towards Rs 1,41,600–Rs 1,41,200. Further weakness may push gold towards the psychological support zone of Rs 1,40,500–Rs 1,40,000.
Silver futures also opened higher but later slipped into the red. The July 3, 2026 silver contract opened at Rs 2,23,912 per kg against the previous close of Rs 2,23,472, gaining Rs 440 or 0.19 per cent.
However, silver later fell to an intraday low of Rs 2,22,469 per kg. At the last update, it was trading at Rs 2,22,469, down Rs 1,003 or 0.45 per cent.
In the global market, COMEX gold was trading lower by 0.53 per cent at around USD 4,074.7 per troy ounce. Spot gold was quoted at USD 4,058.37 per ounce at 12:40 pm, down USD 23.16 or 0.58 per cent.
In Delhi, 24-carat gold was priced at Rs 1,43,170 per 10 grams, while 22-carat gold was available at Rs 1,31,250 per 10 grams.
In Mumbai, 24-carat gold stood at Rs 1,43,020 per 10 grams, while 22-carat gold was priced at Rs 1,31,100 per 10 grams.
In Kolkata, the 24-carat gold rate was Rs 1,43,020 per 10 grams, while 22-carat gold was available at Rs 1,31,100 per 10 grams.
In Chennai, 24-carat gold was priced higher at Rs 1,45,090 per 10 grams, while 22-carat gold stood at Rs 1,33,000 per 10 grams.
Silver was priced at Rs 2,40,000 per kg in Delhi, Mumbai and Kolkata. In Chennai, silver was costlier at Rs 2,45,000 per kg.
Precious metals are expected to remain volatile in the near term as investors track geopolitical developments, crude oil prices and global market cues.
