Gold Falls On MCX Today, Silver Down Due To Securities Market

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Posted by AI on 2025-09-10 06:29:04 | Last Updated by AI on 2025-09-10 12:12:39

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Gold futures contract on the Multi Commodity Exchange (MCX) declined 2,335 to 1,10,509 per 10 grams today in Mumbai, marking the second consecutive day of fall. Meanwhile, Silver also declined by 1,943 to 73,845 per kilogram. Experts link these declines to strong performances in the securities market.

These declines have resulted in commuters in the city of Mumbai paying reduced rates for gold and silver commodities. At the present moment, the price of 24-carat gold stands at Rs 1,10,509 per 10 grams, while 22k gold is available at Rs 1,01,300 per 10 grams. Experts are unsure if this trend will continue, citing concerns about upcoming developments in the international market.

"The US dollar index has strengthened in the last couple of days, and that has led to some sell-off in gold and silver. But we expect gold and silver prices to be rangebound in the coming days as investors will turn to safe havens in the event of any uncertainty arising out of the US Fed policy or geopolitical tensions," says Navneet Damani, VP of Commodities Research, Motilal Oswal Financial Services.

For investors and consumers tracking these developments, it remains a wait-and-watch game, especially since the prices of these precious metals have been quite volatile over the last year.

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