Precious Metals Crash Deepens! MCX Gold Falls Rs 1,800, Silver Hits Day’s Low

Gold rates and silver rates crashed in India significantly in the early hours of July 1, 2026. MCX gold price dropped at least Rs 1,416 to hit an intraday low of Rs 1,41,115 per 10 grams, while MCX silver crashed by Rs 5,662 to hit the day’s low of Rs 2,22,901 per 1Kg.

This is because spot gold continues to trade below $4,000 mark and at its 8-months low. While spot silver plunged nearly 2% to struggle at 7-month low at $57.6 per ounce.