Gold opens ₹141 lower, silver rises ₹424 on MCX as oil prices fall - Business Standard

AI desk brief

Gold opened weaker on the MCX at ₹1,52,575/10g, down ₹141 from the prior close, and was last at ₹1,52,550 after trading between ₹1,52,549 and ₹1,52,848. Silver opened higher by ₹424 to ₹2,40,350/kg, while Comex gold was around $4,380/oz and silver near $67/oz.

The key macro support cited was a sixth straight decline in crude oil after comments from President Trump on a “very good” meeting with Iranian representatives, which the article says helped support precious metals. Near-term direction looks mixed intraday, but softer energy prices are modestly supportive for the metals complex.