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India TV News

MCX gold climbs Rs 1,600 per 10 grams and silver jumps over 2% as Brent slips to USD 88.63 a barrel

AI Market Summary
Gold and silver futures rose sharply as Brent crude slipped below USD 90/bbl, reinforcing a near-term bid for precious metals. MCX gold gained about 1.2% and silver over 2%, while COMEX gold was up ~1.7%, signalling stronger defensive and inflation-hedge positioning amid easing energy prices. The move highlights cross-asset sensitivity between oil and metals and may support broader bullion-linked flows.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT+2.16%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
On July 21, 2026, Brent crude fell 0.7% to USD 88.63 a barrel. India’s MCX gold futures for the August 5 contract rose 1.2% to Rs 143,094 per 10 grams, while MCX silver futures for the September 4 contract gained 2.14% to Rs 223,080 per kg. In the international market, COMEX gold advanced 1.71% to about USD 4,084.7 per troy ounce.
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