India gold prices steady on June 29, 2026 as MCX gold slips 0.64% and silver eases
AI Market Summary
Precious metals softened as a stronger USD and expectations of "higher for longer" Fed rates reduced demand for non-yielding assets. MCX gold futures slipped ~0.64% and silver eased, while Indian retail gold stayed range-bound and silver dipped modestly, signaling limited local demand follow-through despite global weakness. Near-term pricing remains sensitive to US macro data, rate-path repricing, and FX moves.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT+1.19%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▼ Bearish
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On June 29, 2026, international bullion markets weakened as a firmer U.S. dollar and expectations that the Federal Reserve may keep interest rates higher for longer weighed on sentiment. In India, domestic gold prices were broadly steady while silver edged lower. MCX gold futures fell 0.64% to about ₹143,670/10 grams, while silver futures slipped to ₹222,700/kg. Across major cities, 24K gold retail prices were largely in the ₹1,40,900–1,43,170/10 grams range and 22K gold in ₹1,31,100–1,33,000/10 grams, with silver mostly at ₹2,400–2,450/10 grams.
