National News
MCX Gold Slips Below Key Technical Levels; Silver Extends Sharp Selloff
MCX Gold fell below ₹1,44,800, declining over 8% in the past week and breaching its 9-week EMA, while MCX Silver dropped more than 12% to ₹2,27,400.
Gold and silver contracts on the Multi-Commodity Exchange hit lower circuits on Monday, extending a sharp multi-week selloff as rising US Treasury yields, a stronger dollar, and elevated rate-hike expectations continued to overwhelm any safe-haven support from the ongoing West Asia conflict.
MCX Gold, currently priced at Rs.1,44,800, has fallen over 8 per cent in the past week alone, slipping below its 9-week exponential moving average for the first time since June 2025 — a development analyst at Axis Direct described as a clear bearish signal. The RSI has also dropped below 60, indicating strong downside momentum. COMEX Gold has shed more than 10 per cent over the same period, recording its steepest weekly decline in decades, settling below $4,500.
MCX Silver has been hit harder, extending its losing streak to a fourth consecutive week. The contract, last traded at Rs.2,27,400, has fallen more than 12 per cent over the past week and is now trading below its 9-week EMA, with the RSI also under 60. Spot silver on COMEX plunged over 15 per cent last week to settle below $70 for the first time since December 2025.

Rising rates and oil prices weigh on metals
The selloff is rooted in a paradox: the very conflict driving geopolitical anxiety is also the force undermining metals prices. The West Asia escalation has pushed crude oil sharply higher, stoking inflation fears and prompting markets to price in a 50 per cent probability of a US Federal Reserve rate hike by October. Traders are also pricing in at least three rate hikes each from the European Central Bank and the Bank of England in 2026.
From the domestic industry perspective, the price drop is already creating stress.
Analysts recommend cautious approach amid volatility
Analysts note that the correction, while severe, may not signal a structural reversal. As per a report, it indicates that prolonged conflict could eventually turn supportive for both metals, with persistent inflation and fiscal strain reinforcing gold’s store-of-value role over time. Silver, may initially lag if economic growth weakens but could benefit later from both inflation hedging and industrial demand.
National News
MMTC-PAMP Relaunches Digital Gold & Silver Offering, Democratizing Access To Precious Metals Investment
MMTC-PAMP Strengthens Its Digital Investment Platform With Secure, Accessible And Transparent Gold And Silver Offerings Starting At Rs 10
MMTC-PAMP, India’s only London Bullion Market Association (LBMA) Good Delivery gold and silver refiner, has relaunched its digital gold and silver offering, strengthening the company’s position for investors and customers seeking a convenient, transparent and secure way to invest in the purest gold at 24K, as well as purest silver, both at 999.9+ purity.
Catering to the evolving consumer preferences, particularly among young and first-time investors, who are increasingly adopting digital avenues for gold and silver investment, this digital platform provides all the benefits to consumers, with a value-addition of transparency, 24×7 accessibility, assured purity and an entry point gold and silver investment going as low as Rs 10.

Commenting on the relaunch of the digital offering, Samit Guha, Managing Director & CEO, MMTC-PAMP said, “Digital gold and silver is increasingly becoming a preferred mode of purchase in the precious metals industry, particularly among young and first-time investors who value accessibility, flexibility and transparency. With this relaunch, our focus is to maintain the trust of physical gold and silver with the convenience of digital platforms. Every investment is backed by the purest silver and gold, stored in insured, secured, bank-grade vaults, enabling consumers to participate in precious metals investment with confidence, while retaining the option of liquidity or physical redemption based on their needs.”
MMTC-PAMP’s digital gold and silver service enables customers to invest in precious metals starting as low as Rs 10, where every unit purchased is backed by physical gold and silver of the same amount, which is stored in secured, fully insured, bank-grade vaults. The offering combines ease of access with the assurance of purity and ownership, with holdings maintained in the customer’s name and regularly audited by an independent third-party auditor.
Consumers can buy, sell, gift or redeem their investment seamlessly. The platform allows users to redeem their holdings at the real-time market prices with direct bank transfers or convert their digital balance into physical gold and silver in the form of minted coins and bars. Additionally, digital gold and silver can be purchased directly on MMTC-PAMP’s website or Android app, or through a partner transacting platform like Paytm, Google Pay, PhonePe, among others.
Digital gold and silver continue to gain traction as a preferred investment option due to its flexibility, liquidity and accessibility. It allows a democratic entry to secure financial future with the precious metals’ inherent value as a safe haven asset, eliminates storage concerns, and offers a practical entry point for small-ticket investors.
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