MCX Gold & Silver Rate June 17 Live: Gold Slides to ₹1,52,720, Silver Near ₹2,50,000/kg

Gold and silver prices remained under pressure in early trade on June 17 as investors turned cautious before the upcoming US Federal Reserve policy decision. MCX Gold slipped below the ₹1.53 lakh mark, while silver continued to trade close to the ₹2.50 lakh per kilogram level. Global bullion prices, a stronger US dollar, and profit booking after recent highs kept precious metals on the back foot. Investors are now closely watching the Fed’s interest rate outlook, which could decide the next move for bullion markets.

MCX Gold Falls Below ₹1.53 Lakh While Silver Trades Near ₹2.50 Lakh

• MCX Gold June futures declined to around ₹1,52,720 per 10 grams, down nearly ₹850 from the previous close.
• MCX Silver futures traded around ₹2,49,800 per kilogram during the session.
• International spot gold remained under pressure near the $4,300 per ounce zone, while silver hovered close to $70 per ounce, reflecting cautious global sentiment ahead of the Fed meeting.
• According to Money Control, retail gold prices across major Indian cities also softened, with 24-carat gold remaining above ₹10,000 per gram despite today’s correction.

Why are gold prices falling today?

• The main reason is uncertainty over the US Federal Reserve’s policy decision.
• Higher interest rates generally strengthen the US dollar and increase bond yields, making non-interest-bearing assets like gold less attractive.
• Profit booking after recent record highs has also added selling pressure.

MCX Gold Trend Remains Sensitive To Global Cues

• Market participants expect the Federal Reserve to keep rates unchanged, but investors are waiting for updated economic projections and comments on future rate cuts before taking fresh positions.
• Silver continues to show higher volatility than gold because of its dual demand from investors and industries such as solar panels, electric vehicles, and electronics.
• Analysts believe immediate support for MCX Gold is around ₹1,51,500, while resistance is seen near ₹1,54,000 if global sentiment improves after the Fed announcement.

Should investors buy gold after today’s decline?

Many market experts believe long-term investors may use corrections as buying opportunities because central bank demand, geopolitical risks, and inflation concerns continue to support the long term outlook for precious metals. However, short-term volatility may remain high until the Fed’s guidance becomes clear.

MCX Gold Outlook: What Investors Should Watch Next

Today’s weakness in MCX Gold reflects caution rather than a major change in the long-term trend. Gold has corrected from recent highs as traders have booked profits and waited for fresh signals from the US Federal Reserve. Silver has also eased but continues to trade close to historic highs because industrial demand remains strong. Investors should closely monitor the Fed’s policy statement, US dollar movement, Treasury yields, and global inflation data over the coming days. If the Fed maintains a balanced stance, bullion prices could stabilize and attract fresh buying interest. Until then, short-term volatility is likely to continue, while long-term fundamentals for both gold and silver remain supported by central bank purchases, economic uncertainty, and safe-haven demand.

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.