Key facts
- Gold and silver prices declined on the Multi Commodity Exchange.
- Renewed Middle East tensions and inflation worries impacted market sentiment.
- MCX silver futures for July 2026 delivery dropped significantly.
- Gold futures for August 2026 delivery also saw a significant decline.
Gold and silver prices experienced a sharp decline on the Multi Commodity Exchange on Friday. The market sentiment was negatively impacted by renewed Middle East tensions and concerns about inflation. Specifically, MCX silver futures contracts for July 2026 delivery saw a significant drop, alongside a notable decrease in gold futures for August 2026 delivery.