Mumbai, July 2: Gold and silver markets showed mixed trends on Thursday. While gold remained nearly flat, silver experienced a rise of over half a percent.
On the Multi Commodity Exchange (MCX), the August 5, 2026 gold contract opened at ₹143,882, down ₹548 or 0.37% from the previous close of ₹144,430. However, buying interest was noted early in the trading session.
By 9:48 AM, gold was priced at ₹144,206, reflecting a decline of ₹244 or 0.16%. During the trading day, gold reached a low of ₹143,882 and a high of ₹144,448.
In contrast, silver showed more strength. The September 5, 2026 silver contract opened at ₹231,196, up ₹812 or 0.35% from the last closing of ₹230,384. Currently, silver is trading at ₹231,637, up ₹1,253 or 0.54%.
So far, silver has recorded a low of ₹230,973 and a high of ₹232,339 during the session.
Internationally, gold and silver also exhibited mixed trading patterns. Gold was down 0.14% at $4,076 per ounce, while silver rose 0.14% to $60.59 per ounce.
Experts attribute the limited trading range for gold and silver to comments made by Fed Chair Kevin Warsh, who noted that inflation has decreased compared to previous levels but remains high. He did not provide any guidance on interest rates for the upcoming Fed meeting, keeping investors cautious.
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