Gold and silver prices fell up to 1% in early deals on the MCX on Tuesday, 28 July 2026, mirroring weak global cues. Precious metals witnessed profit-taking as the dollar index hovered near 101.5 ahead of the US Federal Reserve’s monetary policy decision on 29 July 2026.
market update
Gold Prices Rise as US Inflation Data Weakens Dollar and Treasury Yields
Gold prices recovered and moved higher on Thursday after the latest US inflation data came largely in line with market expectations. The report reduced immediate concerns about aggressive interest rate hikes by the US Federal Reserve, causing both the US dollar and Treasury yields to decline.
US Natural Gas Prices Fall as Winter Heating Season Nears End – Market Outlook 2026
US natural gas futures declined as traders weigh warming outlooks stretching through the end of the month, decreasing the chance for a shot of cold weather to materialize and push up demand for the heating fuel.
Silver Price Falls After Record Highs as Traders Book Profits
Silver price witnessed a sharp correction on Wednesday after touching record high levels in recent sessions. The fall came mainly due to profit-taking by traders, who decided to book gains after the strong rally seen over the past few days.
Gold Price Warning: Sellers in Trouble If Gold Breaks $5,055 Level
Gold Price Warning: If gold prices rise above $5,055, a major market upheaval could occur. This level is crucial for traders.
As soon as gold crosses this mark, there could be immense buying pressure in the market. This could lead to significant losses for gold sellers.