Mumbai, September 7 (Daily Kiran) : Gold and silver prices opened lower on Monday in Mumbai, influenced by weak signals from global markets. Both precious metals saw a decline of approximately 0.3%.
On the Multi Commodity Exchange (MCX), gold for delivery on October 5, 2026, opened at ₹152,279 per 10 grams, down from the previous closing price of ₹152,767. By 10 AM, gold was trading at ₹152,358 per 10 grams, reflecting a decrease of ₹409 or 0.27%. During the session, gold reached a low of ₹152,225 and a high of ₹152,483, indicating limited trading within a narrow range.
Silver for the December 4, 2026 contract opened at ₹237,176 per kilogram, down from its last close of ₹237,658. As of the latest update, silver was priced at ₹236,985 per kilogram, a decline of ₹673 or 0.28%. In trading, silver hit a low of ₹236,423 and a high of ₹237,658.
Internationally, gold and silver also faced downward pressure, with gold trading at $4,450 per ounce, down 0.62%, and silver at $66 per ounce, down 0.56%. Analysts attribute the decline in prices to strong job data from the U.S., which has increased expectations of a potential interest rate hike in the upcoming Federal Reserve meeting, negatively impacting both metals. Additionally, a strengthening dollar index, currently around 99, has added further pressure on gold and silver prices.
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