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CNBC TV18

MCX gold August contract rises 0.21% and silver September gains 0.75% on July 20

AI Market Summary
MCX gold and silver futures rose on fresh positioning and firm spot demand, with global silver strength offset by slightly softer Comex gold. The move highlights cross-market bullion bid and sensitivity to geopolitical risk, oil-linked inflation concerns, and shifting expectations for US rate policy. Ongoing central bank buying supports gold, while weaker ETF and retail flows keep overall sentiment cautious, maintaining elevated near-term volatility in precious metals.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT+1.56%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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Gold and silver futures advanced on India’s MCX on July 20, with the August gold contract up 0.21% and the September silver contract rising 0.75%. Overseas, Comex silver climbed 1.21% to $56.59 per ounce, while gold edged down 0.17%. The move was attributed to firm spot demand, cross-market buying and renewed inflation expectations tied to geopolitical tensions.
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