{
  "type": "article",
  "title": "Precious Metals Slide As MCX Gold Drops Rs 1,300 And Silver Plunges Rs 2,700 Amid Global Market Shift",
  "summary": "Gold and silver prices tumbled on MCX following weak global cues. Gold dropped toward Rs 1,53,950 per 10 grams, while silver fell to Rs 2.35 lakh per kg as crude oil eased and US inflation data was evaluated.",
  "content": "Precious metals experienced widespread selling pressure across domestic and international markets, driven by weakness in global spot bullion prices. After spot gold gave up its $4,400 per ounce threshold, gold and silver futures plunged on the Multi Commodity Exchange (MCX) on August 13, 2026. MCX gold prices extended their losses by Rs 1,300 to Rs 1,700, falling to trade around Rs 1,53,950 per 10 grams. Meanwhile, silver faced a sharper decline, plunging by Rs 2,700 to reach approximately Rs 2.35 lakh per kilogram. The correction comes as market participants assess incoming US inflation data, interest rate expectations, and shifts in crude oil prices.\n\nGlobal Spot Gold and Silver Pullback\nIn the international market, spot gold declined by nearly 1% to trade around $4,373 per ounce. Gold had previously scaled a ten-week high before profit-taking emerged at elevated levels. Spot silver also recorded a steep drop of nearly 1%, tumbling below the $65 per ounce level. The pullbacks reflect heightened caution among global traders as they await upcoming US producer inflation figures for clearer insights into underlying price trends.\n\nUS Inflation Rates and Federal Reserve Rate Expectations\nEconomic data released earlier confirmed that US consumer inflation slowed for the second straight month in July, landing at 3.4% on an annual basis. On a month-on-month basis, consumer prices edged up by just 0.1%. Market attention has now turned toward the producer price index (PPI) release to gauge whether inflationary pressures are continuing to moderate.\n\nFollowing the consumer price data, financial markets recalibrated their expectations for Federal Reserve policy. Traders currently estimate around a 40% probability that the Fed will enact a 25 basis point interest rate hike at its September meeting, down from nearly 50% recorded a day earlier. The shifting interest rate outlook has added to the volatility across precious metals.\n\nCrude Oil Eases Amid Strait of Hormuz Standoff\nThe downturn in bullion occurred despite a retreat in crude oil benchmarks. US WTI crude fell 1% on Thursday, sliding below $83 per barrel and snapping a five-day rally. Brent crude similarly dropped 1% to trade below $89 per barrel, struggling around $88 after a six-day advance.\n\nOil markets reacted as investors evaluated the chances of an agreement to reopen the Strait of Hormuz. President Donald Trump stated that the United States maintained total control over the strategic waterway. However, diplomatic negotiations between Washington and Tehran remain deadlocked, accompanied by escalating rhetoric. With US military actions yielding no immediate capitulation from the Iranian regime, the Trump administration is moving toward applying further economic pressure.\n\nDetailed MCX Trading Levels and Intra-day Movements\nTrading across the MCX commodity board remained entirely in the red. Earlier in the session, MCX gold traded lower by Rs 379 or 0.24% at around Rs 1,54,503 per 10 grams, moving between an intraday high of Rs 1,55,145 and an intraday low of Rs 1,54,250. Selling deepened later in the day, taking quotes down toward Rs 1,53,950.\n\nMCX silver experienced even heavier losses compared to gold. In mid-session trades, silver lost Rs 1,235 to trade near Rs 2,36,600 per kilogram, close to its intraday low of Rs 2,36,138, after touching an early peak of Rs 2.38 lakh. The drop subsequently expanded to Rs 2,700, bringing prices to Rs 2.35 lakh per kg. Across the wider MCX complex, zinc, natural gas, and silver suffered the hardest losses with declines between 0.5% and 1%, while crude oil, lead, copper, and gold traded marginally lower.\n\nWhat this means for you\nFor Precious Metal Buyers: The drop in MCX futures offers short-term price relief for retail jewelry buyers and physical bullion investors.\n\nFor Market Traders: Commodity traders should closely track upcoming US economic indicators and geopolitical developments around crude oil shipping routes.\n\nQuestions & Answers\n\n1. What is the price of MCX Gold on August 13, 2026?\nMCX Gold extended its drop by Rs 1,300 to Rs 1,700, trading around Rs 1,53,950 per 10 grams.\n\n2. How much did MCX Silver fall?\nMCX Silver crashed by Rs 2,700 to trade near Rs 2.35 lakh per kilogram.\n\n3. What are the current international spot gold and silver prices?\nSpot gold slipped nearly 1% to around $4,373 per ounce, while spot silver dropped nearly 1% below $65 per ounce.\n\n4. What is the latest status of crude oil prices?\nUS WTI crude dropped 1% below $83 per barrel, while Brent crude weakened 1% to struggle around $88 per barrel.",
  "url": "https://trendkia.com/en/market/sone-aura-chandi-men-ai-teja-giravata-mcx-para-sona-1-300-rupaye-aura-chandi-2-700-rupaye-tuti-16264",
  "category": "Market",
  "publishedAt": "2026-08-13",
  "tags": [
    "Gold Price",
    "Silver Price",
    "MCX India",
    "Commodity Market",
    "Crude Oil",
    "US Inflation",
    "Donald Trump"
  ],
  "language": "en",
  "site": "TrendKia"
}