Archive · 21 Jul 2026
Gold and silver prices rise on MCX amid oil decline
Gold and silver prices went up on the MCX on Tuesday morning.
This happened because the price of crude oil went down, and there are talks to end the conflict in the Middle East.
Gold for August delivery was up by 0.63%, and silver for September was up by 1.11%.
The price of Brent crude oil dropped below $90 per barrel.
The US ended some airstrikes, but there are still tensions.
The Lebanese President is meeting with the US President, and there are threats of a naval blockade by Iran-backed Houthis.
Gold and silver prices rose on the MCX on Tuesday morning.
Gold for August delivery was up by 0.63% at ₹1,42,279 per 10 grams.
Silver for September contracts was up by 1.11% at ₹2,20,825 per kg.
US gold prices also rose as Brent crude prices dropped below $90 per barrel.
Tensions remain elevated despite diplomatic efforts to end the Middle East conflict.
- Who
- Investors and traders in precious metals
- What
- Rise in gold and silver prices on MCX
- When
- Tuesday, 21 July, morning
- Where
- Multi Commodity Exchange (MCX), India
- Why
- Decline in crude oil prices and diplomatic efforts in the Middle East
Optimistic View
Pessimistic View
Market Sentiment
Optimistic View
Easing crude oil prices and diplomatic efforts support precious metals.
Pessimistic View
Tensions remain elevated, and new threats could disrupt global energy supplies.
- Gold Price
- ₹1,42,279 per 10 grams
- Silver Price
- ₹2,20,825 per kg
- Brent Crude Price
- Below $90 per barrel
- Date
- Tuesday, 21 July
- Time
- Around 9:15 am