MCX Gold Price Drops 0.37%, Silver Slides 1.07% Amid Rising US Fed Rate Hike Expectations
Key Points
MCX Gold futures opened at Rs 1,45,000, down 1.04% on June 25.
MCX Silver trades near Rs 2,23,090, hit hard by Fed hawkishness.
Markets price in a 68% chance of a September Fed rate hike.
Spot Gold slips below $4,100; Spot Silver falls to $57.34 per ounce.
On June 25, 2026, MCX Gold futures faced fresh selling pressure as hawkish US Federal Reserve signals rattled bullion markets. Gold futures (August contract) on the Multi-Commodity Exchange opened at Rs 1,45,000 per 10 grams, down Rs 1,528 or 1.04% from the previous close of Rs 1,46,529. Silver followed suit, deepening losses from the prior session. Rising rate hike bets and a stronger US dollar are driving today’s bearish trend across precious metals.
MCX Gold Price Today: Key Levels on June 25
At around 12:10 PM IST, MCX Gold was trading at Rs 1,45,216, lower by Rs 1,313 or 0.90%. The August contract opened with a gap-down, reflecting persistent global selling. Resistance sits at Rs 1,45,500–Rs 1,46,000. A recovery above that zone is needed to stabilize sentiment.
MCX Gold Price Summary – June 25, 2026
| Metric | Value |
| MCX Gold Open (Aug) | Rs 1,45,000 / 10g |
| Previous Close | Rs 1,46,529 / 10g |
| Intraday Price (12:10 PM) | Rs 1,45,216 / 10g |
| Change | –Rs 1,313 (–0.90%) |
| Key Resistance | Rs 1,45,500–Rs 1,46,000 |
MCX Silver Under Pressure as Dollar Strengthens
MCX Silver’s today’s low stands at Rs 2,22,346, while the day’s high reached Rs 2,39,200, with the contract trading near Rs 2,23,090. Global spot silver fell to $57.34 per ounce on June 25, 2026, extending a monthly decline of over 25%. The metal remains at its lowest level since November 2025.
Key Factors Weighing on Silver:
- Fed Rate Hike Bets: Markets now price in roughly a 68% probability of a Fed rate hike in September, up sharply from 29% just one week earlier.
- Strong US Dollar: The US dollar climbed to its highest level in over a year against a basket of major currencies.
- Tech Stock Selloff: A sharp decline in US technology stocks pushed some traders to reduce bullion holdings to offset broader portfolio losses.
US Fed Policy: The Core Pressure Point
At its latest policy meeting, Fed officials left interest rates unchanged but signaled increasing support for future rate hikes, while new Fed Chair Kevin Warsh reaffirmed his commitment to restoring price stability. This hawkish tone is the primary driver behind today’s MCX Gold and Silver declines. Rate hike expectations reduce gold’s appeal as a non-yielding asset.
Spot Gold and Global Context
Spot Gold plunged below $4,100, and Spot Silver dropped below $62 per ounce, both declining 1%–2%. The US-Iran peace agreement provided brief support but failed to offset Fed-driven selling pressure. Silver is now down roughly 13% year-to-date. MCX Gold mirrors this global weakness, with domestic prices facing sustained downward momentum.
Conclusion
MCX Gold and Silver face clear headwinds on June 25, 2026. Fed rate hike expectations, a stronger dollar, and weak global sentiment are aligning bearishly. Traders should watch the Rs 1,45,500 resistance for gold and Rs 2,25,000 for silver as near-term recovery signals.
Disclaimer
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
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