Gold prices fall by Rs 1,244, silver drops over 3 per cent on MCX

30 June,2026 12:50 PM IST |  Mumbai  |  mid-day online correspondent

Gold prices fell sharply by Rs 1,244 on Tuesday, while silver dropped more than 3 per cent on the MCX amid developments surrounding Iran-US peace talks. Meanwhile, Sensex gained over 275 points, and Nifty crossed the 24,000 mark in early trade

Representational image. File pic


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Gold and silver prices continue their downward trajectory on Tuesday. The prices of yellow metal on Tuesday fell significantly by Rs 1,244. The significant decline in price comes amid ongoing turmoil around the peace talks between Iran and the US.

On the Multi Commodity Exchange (MCX), gold futures declined by 1.23 per cent to Rs 1,40,904 per 10 grams at 11:10 pm on an intraday basis.

On the other hand, silver futures (July) also lost over 3.18 per cent to Rs 2,19,306 per kg on Tuesday.

Gold prices in Mumbai and Delhi

Gold prices in Mumbai also witnessed a marginal decline on Tuesday, with the price of 24-karat gold declining by Rs 1,060 for 10 grams compared to the previous day.

According to the latest market rates, 24-karat gold in Mumbai was priced at Rs 1,41,387 per 10 grams on Tuesday, down from Rs 1,42,44 on Monday. The decline reflects trends in the precious metals market amid global economic developments.

Meanwhile, 22-karat gold prices in Mumbai also declined marginally, going downwards to Rs 1,29,339 per 10 grams.

The prices in Delhi also showed negative changes. Yellow metal was recorded at Rs 1,41,246 for 10 grams of 24-karat gold. The price of 22-karat gold in Delhi stood at Rs 1,29,381 for 10 grams.

Sensex jumps over 275 points; Nifty tops 24,000

India's benchmark equity indices opened higher on Tuesday amid mixed global cues, with investors also keeping an eye on the derivatives expiry and the start of the June quarter earnings season.

According to IANS, Sensex opened at 77,005.51, up 277.14 points or 0.36 per cent. Nifty also began the session mildly positive, opening at 24,032.05, an increase of 85.80 points or 0.35 per cent.

Sectoral indices

Among sectoral indices, Nifty Realty led the gains, rising 0.54 per cent. Nifty Private Bank and Nifty Auto jumped up to 0.45 per cent. Buying was also seen in chemicals, PSU banks, oil and gas, consumer durables and healthcare stocks.

On the other hand, Nifty IT declined 0.18 per cent, while Nifty Metal slipped 0.13 per cent. Nifty FMCG was marginally lower.

(With inputs from IANS)

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