International spot gold slipped 0.09% to $4,035.20 per ounce on July 28, reflecting uncertainty caused by the US‑Iran war and its impact on oil prices.
At the same time, silver on the COMEX climbed 1.12% to $58.17 per ounce, showing a stronger demand for the cheaper metal.
In India, the MCX spot gold price finished the session at ₹1,41,623 per 10 g, a modest decline from the previous close.
The August gold futures contract ended at ₹1,41,530 per 10 g, down 0.07%, while September silver futures ticked up 0.03% to ₹2,15,900 per kilogram.
Investors remain cautious as the US Federal Reserve’s upcoming policy meeting is seen as a key trigger for the next move in bullion prices.
Prices of 10 g of 24‑karat, 22‑karat, and 18‑karat gold vary by market and city, and are updated regularly by exchanges.
Overall, the market is watching both geopolitical events and central‑bank signals for clues on the next direction of gold and silver.