# Precious Metals Rally on MCX as Silver Soars Beyond ₹2.24 Lakh and Gold Crosses ₹1.44 Lakh Mark

> Futures trading on 27 July 2026 saw precious metals opening on a firm note, with silver rising over 1% and gold scaling past ₹1.44 lakh per 10 grams.

**Type:** article · **Category:** Business · **Published:** 2026-07-27 · **Source:** TrendKia
**Canonical:** https://trendkia.com/en/business/mcx-para-sona-aura-chandi-rikorda-chala-men-chandi-2-200-rupaye-se-adhika-uchhali-aura-sona-1-44-lakha-rupaye-ke-para-10711 · **Language:** English
**Tags:** Gold Price Today, Silver Price Today, MCX Gold, Bullion Market, Commodity Market

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.

## What this means for you
**For Gold and Silver Buyers:**

- **Across India:** Rising gold and silver prices in the futures market could increase budget pressures for household buyers planning jewellery purchases ahead of upcoming wedding and festival seasons.
- **For Investors:** The rally on commodity exchanges offers short-term gains for holders of gold ETFs and bullion futures contracts.

## Questions & Answers

### 1. What was the MCX gold futures price on 27 July 2026?
Around 10:02 AM on 27 July 2026, the August 5 delivery gold contract traded at ₹1,44,020 per 10 grams, up by ₹914.

### 2. How much did silver gain on MCX on 27 July?
The September 4 delivery silver contract jumped by ₹2,271 to trade at ₹2,24,409 per kg.

### 3. What were the intraday high levels for gold and silver on Monday?
Gold touched an intraday high of ₹1,44,111 per 10 grams, while silver reached a high of ₹2,24,632 per kg.

### 4. Where did spot bullion prices settle in Delhi on Friday?
On Friday, spot gold dropped by ₹2,000 to ₹1,47,200 per 10 grams, and spot silver declined by ₹5,000 to ₹2,24,700 per kg.

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