MCX gold drops Rs 960 to Rs 1,45,958 per 10 grams; silver falls Rs 2,913 to Rs 2,33,186 per kg ahead of Fed minutes
AI Market Summary
Gold and silver extended a second session of declines in India and international markets as positioning turns cautious ahead of the Fed's June meeting minutes. With September hike probabilities recently pared back, the minutes could reprice policy expectations and drive near-term volatility across precious metals. The immediate signal is softer bullion demand as traders reduce risk into a key macro catalyst.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT-0.33%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▼ Bearish
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Gold and silver futures extended their decline for a second session on India’s MCX on Tuesday, with August 2026 gold down Rs 960 at Rs 1,45,958 per 10 grams and September 2026 silver down Rs 2,913 at Rs 2,33,186 per kg. In international markets, spot gold slipped 0.6% to $4,138.32 an ounce and spot silver fell 1% to $61.48 an ounce. Markets are focused on the Federal Reserve’s June meeting minutes due Wednesday, with traders now pricing in a roughly 56% probability of a rate increase in September, according to the CME FedWatch tool. The minutes could shift expectations and trigger short-term volatility.
