{
  "type": "article",
  "title": "Gold and Silver Prices Plunge: Significant Drop Observed on MCX",
  "summary": "Rising geopolitical tensions between the US and Iran have rattled global markets, leading to a sharp decline in precious metal prices. Gold fell by 0.95% while silver tumbled by 1.90% on the MCX on Monday.",
  "content": "Renewed tensions between the US and Iran have sparked widespread anxiety across global markets. Following the latest conflict in West Asia, stock markets are facing significant pressure, and this volatility has extended to precious metals. On Monday, as the trading week began, both gold and silver witnessed a substantial decline in their prices on the MCX. By 11:48 AM, gold prices were trading with a loss of 0.95 percent, while silver saw a steeper drop of 1.90 percent.\n\nCurrent Gold Trading Trends on MCX\nAt approximately 11:48 AM on Monday, gold for delivery on August 5 was trading at 142,120 rupees per 10 grams, reflecting a decline of 1358 rupees or 0.95 percent. The metal opened the day lower at 142,633 rupees per 10 grams, down by 845 rupees from its previous close of 143,478 rupees per 10 grams last Friday. Throughout the session, the price fluctuated, reaching an intraday high of 142,669 rupees per 10 grams and an intraday low of 141,557 rupees per 10 grams.\n\nSharp Decline in Silver Prices\nSilver also faced significant selling pressure today. The price for September 4 delivery dropped by 4228 rupees, or 1.90 percent, to trade at 218,436 rupees per kilogram. Silver started the day at 218,648 rupees per kilogram, a decline of 4016 rupees from its closing price of 222,664 rupees per kilogram recorded last Friday. During the day, the metal hit an intraday high of 219,806 rupees per kilogram and touched a low of 217,277 rupees per kilogram.\n\nExpert Outlook on Precious Metals\nMarket analysts had previously anticipated that the downward trend for precious metals might continue this week. Pranav Mer, Senior Vice President of Commodity and Currency Research at JM Financial Services Ltd, noted that global inflation data is currently shaping market expectations regarding interest rates. According to Mer, gold and silver are currently undergoing a correction phase. Investors are now closely monitoring the US-Iran conflict. If the situation escalates, it could drive crude oil prices higher and strengthen alternative safe-haven assets like the US Dollar and US bond yields.\n\nWhat this means for you\nAcross India: The decline in gold and silver prices could lower the cost of purchasing jewelry and reduce entry costs for small-scale investors.\n\nQuestions & Answers\n\n1. What is the main reason for the drop in gold and silver prices?\nRising tensions between the US and Iran have created uncertainty in global markets, which has negatively impacted the prices of precious metals.\n\n2. What was the trading price of gold on the MCX today?\nAs of 11:48 AM on Monday, gold was trading at 142,120 rupees per 10 grams after a decline of 1358 rupees.\n\n3. How much did the price of silver decline?\nSilver prices dropped by 4228 rupees today, bringing the rate down to 218,436 rupees per kilogram.\n\n4. What is the expert outlook on precious metals?\nExperts suggest that precious metals may continue to undergo a correction phase and that global markets will remain sensitive to the US-Iran geopolitical situation.",
  "url": "https://trendkia.com/en/market/sone-chandi-ki-kimaton-men-bari-giravata-mcx-para-bhava-hue-dharama-7383",
  "category": "Market",
  "publishedAt": "2026-07-13",
  "tags": [
    "Gold",
    "Silver",
    "MCX",
    "Market",
    "Investment"
  ],
  "language": "en",
  "site": "TrendKia"
}