Precious metal trading began the new week on a bullish note on Monday, 27 July 2026, building upon the momentum gathered during the previous week's closing sessions. On the Multi Commodity Exchange, both gold and silver futures contracts witnessed steady buying interest. Silver futures advanced by more than 1%, whereas gold contracts were trading with gains exceeding 0.50% during the initial session of the week.
Gold Contract Movement and Intraday Trajectory
By approximately 10:02 AM on Monday, the August 5 delivery gold contract on MCX was trading higher by ₹914 or 0.64%, standing at ₹1,44,020 per 10 grams. The yellow metal initiated trading for the day on a positive footing, opening at ₹1,43,575 per 10 grams with an initial jump of ₹469 over its previous close of ₹1,43,106 per 10 grams recorded on Friday. During the early morning trade, the contract registered an intraday high of ₹1,44,111 per 10 grams and touched a low of ₹1,43,575 per 10 grams.
Silver Contracts Surge by Over ₹2,200
Silver futures outstripped gold in terms of percentage gains during Monday's trading session. The September 4 delivery silver contract jumped ₹2,271 or 1.02% to reach ₹2,24,409 per kg. Having settled at ₹2,22,138 per kg on Friday, silver opened higher by ₹1,362 at ₹2,23,500 per kg on Monday morning. As trading progressed, the silver contract touched an intraday peak of ₹2,24,632 per kg while maintaining a session low of ₹2,23,500 per kg.
Previous Spot Market Drop and Weekend Intermission
The strength visible in Monday's futures market follows a sharp correction experienced in the physical bullion market last Friday. Figures released by the All India Sarafa Association indicated that 99.9% purity gold slipped by ₹2,000 to settle at ₹1,47,200 per 10 grams in Delhi's spot market. Concurrently, spot silver plunged by ₹5,000 to close at ₹2,24,700 per kg. Both physical bullion centers and MCX remained shut over Saturday and Sunday for the standard weekend closure, prior to resuming operations on Monday morning.
