Mumbai, India — April 24, 2026
Gold and silver prices declined on Friday in both domestic and international markets, as a stronger U.S. dollar and shifting interest rate expectations triggered selling across bullion assets.
On the Multi Commodity Exchange of India (MCX), both precious metals opened lower, tracking weakness in global markets.
🟡 Gold Prices Slip on MCX
Gold futures for June 5, 2026 delivery opened at ₹1,51,167 per 10 grams, down from the previous close of ₹1,51,761.
By 9:40 AM, the contract was trading at:
- ₹1,51,043, down ₹718 (0.47%)
During the session, gold touched:
- Low: ₹1,51,039
- High: ₹1,51,457
⚪ Silver Also Trades Lower
Silver futures for May 5, 2026 delivery also declined on MCX.
- Opening price: ₹2,39,200 per kg (vs ₹2,41,513 previous close)
- Trading price: ₹2,40,671, down ₹842 (0.35%)
Intraday range:
- Low: ₹2,39,200
- High: ₹2,41,382
🌍 Global Markets: COMEX Weakness Continues
Internationally, bullion prices remained under pressure on the COMEX:
- Gold fell 0.83% to $4,684 per ounce
- Silver dropped 0.92% to $74.81 per ounce
The global sell-off reflects broader macroeconomic shifts impacting safe-haven demand.
📊 What’s Driving the Decline?
Analysts point to multiple factors influencing bullion prices:
- Stronger U.S. dollar: Reduces appeal of gold as an alternative asset
- Rising crude oil prices: Inflation concerns alter investment strategies
- Robust U.S. economic data: Strong PMI figures signal resilience
- Rate cut expectations fade: Higher interest rates reduce gold’s attractiveness
With crude oil prices again crossing the $100 per barrel mark, markets are recalibrating expectations around inflation and monetary policy.
📉 Key Takeaways
- Gold falls 0.47% on MCX, silver down 0.35%
- Global prices also decline on COMEX
- Strong dollar and rate outlook weigh on bullion
- Oil-driven inflation concerns reshape investor sentiment
