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Gold Prices Dip, Silver Stable, Futures Edge Higher

Modest gains in commodity futures signal cautious investor sentiment in India’s bullion markets.

Overview

  • Retail 24-carat gold in Delhi eased by ₹110 to ₹99,983 per 10 g on July 30 while silver held at ₹1,19,000 per kg.
  • MCX August gold futures advanced 0.36% to ₹98,610 per 10 g and September silver futures inched up 0.01% to ₹113,767 per kg by midday.
  • IBJA’s standardized per-gram rates rose to ₹9,869 for 24-carat gold and ₹9,040 for 22-carat gold on Wednesday morning.
  • Cities from Mumbai to Jaipur reported consistent bullion prices, with gold trading near ₹1,00,000 per 10 g and silver between ₹1,18,300 and ₹1,29,600 per kg.
  • Futures gains underscore cautious investor sentiment and sustained safe-haven demand in India’s bullion markets.