Mumbai, July 30: Gold and silver began trading on a mixed note this Thursday. While gold saw a slight increase, silver experienced a decline of nearly half a percent.
On the Multi Commodity Exchange (MCX), the gold contract for October 5, 2026, opened at ₹143,300 per 10 grams, compared to the previous closing of ₹143,283 per 10 grams. By 9:45 AM, it had risen by 0.14% to ₹143,480 per 10 grams.
During the trading session, gold reached a low of ₹143,101 per 10 grams and a high of ₹143,663 per 10 grams, indicating limited trading range.
In contrast, the silver contract for September 4, 2026, opened at ₹216,389 per kilogram, down from the previous closing of ₹217,479 per kilogram. Currently, it stands at ₹216,473 per kilogram, reflecting a decline of 0.46%.
Silver has fluctuated between a low of ₹215,402 per kilogram and a high of ₹217,479 per kilogram during the trading session.
Globally, gold and silver are also trading within a limited range. On COMEX, gold is up by 0.35% at $4,050 per ounce, while silver has dropped by 0.73% to $57 per ounce.
Experts attribute the mixed trading of gold and silver to the recent decision by the U.S. Federal Reserve, which opted not to raise interest rates with a vote split of 9-3. Notably, three members voted in favor of increasing rates to control inflation. This divided decision suggests that interest rates may rise soon, which is negative for the bullion market.
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