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MCX Gold, Silver Decline as US-Iran Talks Fail

Dip Marks a Near One-Week Low for Gold, Which Had Moved Towards Record Territory as the “Safe-Haven” Asset

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On the MCX, gold futures slid below the psychologically significant threshold of Rs. 1.52 lakh per 10 grams, erasing a portion of the gains made during a brief window of optimism. Silver, often more volatile than its yellow counterpart, saw a more pronounced retreat, with prices slipping 2 percent to trade near Rs. 2.40 lakh per kilogram. Gold prices in the international market fell to a near one-week low. Spot gold price declined 1.1% to $4,694.30 per ounce, its lowest level since April 7. US gold futures for June delivery fell 1.4% to $4,717.80 an ounce. Spot silver fell 1.9% to $74.45 per ounce.

The glimmer of a diplomatic breakthrough in the Middle East faded on Monday, sending shockwaves through global commodity markets as gold and silver prices tumbled from recent highs. The reversal followed the collapse of weekend peace talks in Islamabad. Negotiators had hoped to formalize a ceasefire between the United States and Iran, a move that would have de-escalated a conflict that has defined the first quarter of 2026. Instead, the failure of the dialogue has re-ignited fears of a prolonged blockade in the Strait of Hormuz, sending crude oil prices higher and forcing investors to recalibrate their portfolios.

  • MCX Price Drop: Gold futures fell below the critical Rs. 1.52 lakh per 10 grams mark, while Silver saw a sharper 2% decline, trading near Rs. 2.40 lakh per kg.
  • International Benchmarks: Spot gold hit a one-week low of $4,694.30 per ounce, marking a 1.1% dip, while spot silver dropped 1.9% to $74.45.
  • Diplomatic Deadlock: The failure of weekend negotiations in Islamabad has reignited fears of a prolonged conflict and a potential blockade of the Strait of Hormuz.
  • The Dollar Factor: A surging U.S. dollar, bolstered by its “safe-haven” status, has made gold more expensive for international buyers, further dampening global demand.
  • Inflationary Pressure: Rising energy costs and the prospect of sticky inflation are leading traders to believe the Federal Reserve will maintain higher interest rates for longer.
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National News

MMTC-PAMP Appoints Sidharth Malhotra As Brand Ambassador

As Part Of The Association, Sidharth Will Lead MMTC-PAMP’s New Integrated Campaign, ‘Purest And More,’ Showcasing The Brand’s Expanding Portfolio Across Physical Precious Metals, Digital Investments and Responsible Gold Recycling.

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MMTC-PAMP, India’s only London Bullion Market Association (LBMA)-accredited Good Delivery  Gold & Silver refiner, today announced acclaimed actor Sidharth Malhotra as its Brand Ambassador, marking a significant  milestone in the brand’s journey to strengthen its connection with a new generation of consumers. As part of the association,  Sidharth will lead MMTC-PAMP’s new integrated campaign, ‘Purest And More,’ showcasing the brand’s expanding portfolio  across physical precious metals, digital investments and responsible gold recycling. 

The integrated campaign showcases MMTC-PAMP’s complete ecosystem, from 24K 999.9+ purest gold and silver coins and  bars to digital gold and silver, gold recycling, online purchasing and assured buyback services. Through relatable, everyday  moments and festive celebrations, the campaign reinforces MMTC-PAMP’s position as India’s most trusted precious metals  brand while making gold ownership more relevant, accessible and convenient for today’s consumers. 

Announcing the association, Samit Guha, Managing Director and CEO, MMTC-PAMP said:

“We are delighted to welcome  Sidharth Malhotra to the MMTC-PAMP family. Sidharth has built a strong reputation through authenticity, credibility and a  modern outlook—qualities that closely reflect the values of our brand. As one of India’s most admired and influential actors,  he enjoys a deep connect across generations, making him an ideal ambassador as we continue expanding the reach of MMTC PAMP among both seasoned investors and first-time buyers.

This partnership comes at an exciting phase in our growth as we  continue to redefine precious metals ownership through innovation, responsible sourcing and world-class quality. Through  our ‘Purest And More’ campaign, we are showcasing how MMTC-PAMP today offers far more than physical gold—from digital  investments and online buying to gold recycling and assured buyback—while remaining uncompromising on purity and trust.”

The campaign film unfolds through a series of relatable family moments around a wedding celebration, with Sidharth  naturally introducing consumers to MMTC-PAMP’s diverse offerings. The storytelling highlights that every MMTC-PAMP  offering is backed by the brand’s commitment to purity, trust and convenience while reinforcing its promise of “Purest And  More.” 

Speaking on the association, Sidharth Malhotra said:

“MMTC-PAMP has built a remarkable reputation for purity, trust and  innovation, while also modernising the way people invest in and experience precious metals. Whether it’s celebrating life’s  milestones, building long-term wealth or embracing more responsible choices through recycled gold, the brand continues to  stay relevant for today’s consumers. I’m excited to be part of this journey and look forward to connecting with people through  the ‘Purest And More’ campaign.”

The association brings together one of India’s most recognised actors with one of the country’s most trusted precious metals  brands at a time when consumer interest in certified physical gold, digital gold and sustainable precious metals solutions  continues to grow. With Sidharth Malhotra as the face of the brand, MMTC-PAMP aims to further strengthen its leadership  position while deepening engagement with a younger, digitally connected audience. 

The campaign will be amplified across television, digital platforms, social media, print, retail stores and e-commerce channels,  with dedicated creatives highlighting key offerings including digital gold and silver, festive gifting, Virasat recycled gold,  Akshaya Tritiya, Diwali and MMTC-PAMP’s certified purity credentials. 

Link to the TVC (YouTube):

Link to the TVC (Instagram):https://www.instagram.com/p/DciH4s7tim5//

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