Gold & Silver Rates Today (23/07/2026) LIVE: Oil Above $100, MCX Gold Drops Rs 2,700, Silver Crashes Rs 7,000

Gold rates and silver rates in India dropped sharply on Thursday, July 23, as market sentiments turned bearish due to rising crude oil prices amidst an intensifying situation between the USA and Iran. Brent Crude and US WTI surged by 5-6% in the evening and crossed $100 per barrel and $91 per barrel. The precious metals also fell due to fresh strengthening in the US dollar, which crossed the 101 mark and touched highest level in six weeks. Traders weighed renewed inflationary pressures from surging energy prices.

At the time of writing, MCX gold price dropped below Rs 1.44 lakh per 10 grams, and the MCX silver plunged below Rs 2.22 lakh per 1Kg.

Also, spot gold is marginally down to trade around $4,050 per ounce and spot silver trades below $58 per ounce.

While markets widely expect the Fed to hold rates steady at next week's meeting, uncertainty has increased over the path of future policy amid unclear guidance from new Chair Kevin Warsh. Meanwhile, safe-haven demand helped limit further dollar losses as Middle East tensions remained in focus. President Donald Trump said the US would strike Iranian infrastructure in response to any attacks on vessels in the Strait of Hormuz, while Tehran vowed retaliation against regional energy and infrastructure targets. Elsewhere, attacks on Red Sea tankers, the first such incidents since late February, further raised concerns over a broader regional conflict and potential disruptions to global trade flows, as per Trading Economics.

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Jul 23, 2026, 7:27 pm IST

Live Silver Rates Today: MCX Silver Plunges Rs 7,000

MCX silver price nosedived by nearly Rs 7,000 to struggle around Rs 2.20 lakh per 1kg, making it the worst performer in comparison to gold due to surge in oil and dollar prices. MCX silver has touched an intraday low of Rs 2,18,401 per 1Kg.

Jul 23, 2026, 7:27 pm IST

Live Gold Rates Today: MCX Gold Crashes Rs 2,700

MCX gold price fell nearly Rs 2,700 to trade around Rs 1.43 lakh per 10 grams after hitting an intraday low of Rs 1,42,690 per 10 grams in the early evening session. This is due to sharp surge in oil prices.

Jul 23, 2026, 7:22 pm IST

Live Gold Rates Today: Gold Prices In India Crash For First Time In 5 Days

Gram	24K	22K	18K
1	₹14,618 (-33)	₹13,400 (-30)	₹10,964 (-24)
8	₹1,16,944 (-264)	₹1,07,200 (-240)	₹87,712 (-192)
10	₹1,46,180 (-330)	₹1,34,000 (-300)	₹1,09,640 (-240)
100	₹14,61,800 (-3,300)	₹13,40,000 (-3,000)	₹10,96,400 (-2,400)

Gold rates in India crashed for the first time in five days on July 23rd, with 24-carat gold price falling by at least Rs 3,300 in 100 grams and by Rs 330 in 10 grams. Precious metals dropped due to sharp surge in crude oil prices, which heightens inflationary concerns and rate hike possibility. Check latest prices of 24k, 22k, 18k gold prices here.

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Jul 23, 2026, 7:17 pm IST

Live Crude Oil Prices Today: Brent Crude At $100

Brent crude oil surged more than 6% toward $100 per barrel on Thursday, the highest level since May 22, as escalating geopolitical tensions intensified concerns over global supply. Iran-backed Houthi militants claimed responsibility for attacks on two Saudi oil tankers in the Red Sea, saying the strikes were aimed at enforcing a newly announced blockade of Saudi ports, as per Trading Economics.

Jul 23, 2026, 5:02 pm IST

Live Gold Silver Rates Today: MCX Gold Struggles At Rs 1.44 Lakh, Silver Price Down Rs 4,700

MCX gold and silver price ended under extreme bearish tone ahead of the evening session of July 23rd. MCX gold price dropped by Rs 1,649 or 1.13% to end at Rs 1,44,031 per 10 grams during the day session, while MCX silver crashed by Rs 4,669 or 2.06% to close at Rs 2,22,329 per 1 Kg.

Jul 23, 2026, 2:51 pm IST

Live Gold Rates Today: John Paulson Believes Gold In Early Stage For Long-Term Bull Market

Billionaire hedge fund investor John Paulson believes gold's rally is far from over and that the precious metal is only in the early stages of a long-term bull market. He expects gold prices to continue rising as demand from both central banks and private investors remains strong.

Jul 23, 2026, 1:42 pm IST

Live Gold Silver Rates Today: MCX Gold Crashes Rs 1,700, Silver Fall Worsens By Rs 4,500

Following the weak global trend, MCX gold price fell by Rs 1,637 or 1.11% to trade around Rs 1,45,411 per 10 grams. While MCX silver crashed by Rs 4,338 or 1.91% to trade around Rs 2,22,660 per 1Kg.

Jul 23, 2026, 1:42 pm IST

Live Oil Prices Today: Brent Crude Climbs 4%

Brent crude oil climbed by 4% on Thursday to hit a fresh six-week high above $97 per barrel on Thursday, extending gains for a fifth straight session. This is due to deeper tensions between US and Iran. As per Trading Economics, The escalation opened a new front in the conflict as risks to shipping through both the Red Sea and Strait of Hormuz mounted. US forces also carried out a 12th consecutive day of strikes on Iranian targets, while both Washington and Tehran continued to downplay the prospects for peace talks.

Jul 23, 2026, 1:42 pm IST

Live Oil Prices Today: US WTI Crude Jumps 3%

US WTI Crude oil rose to a fresh six-week high of $89 per barrel on Thursday, extending gains for a fifth straight session as escalating Middle East tensions heightened fears of deeper supply disruptions. President Donald Trump warned the US would strike Iranian infrastructure if Tehran attacked ships transiting the Strait of Hormuz, while Iran threatened retaliation against US-linked energy assets across the region, as per Trading Economics. On Thursday, crude is up by 3%.

Jul 23, 2026, 1:42 pm IST

Live Silver Rates Today: Spot Silver Down 1.5%

Spot silver dropped by nearly 1.5% to trade below $59 per barrel. As per Trading Economics, attention now turned to next week’s Federal Reserve meeting, with policymakers expected to leave rates unchanged. Still, markets continue to see the possibility of further tightening later this year, pricing in a 61% chance of a September rate hike. Elsewhere, India’s silver imports have slowed sharply as a new licensing regime disrupted shipments, driving local premiums to multi-month highs.

Jul 23, 2026, 1:41 pm IST

Live Gold Rates Today: Spot Gold Falls 1%

Spot gold dropped by 1% to trade around $4,095 per ounce, pulling back from its 2-week highs. This is due to sharp surge in crude oil prices which is nearing $100 per barrel. As per Trading Economics, Iran-backed Houthi militants claimed attacks on two Saudi oil tankers in the Red Sea, raising risks of broader energy supply disruptions, while President Trump warned of strikes on Iranian infrastructure if shipping through the Strait of Hormuz is targeted. The developments pushed crude prices to fresh six-week highs, keeping inflation pressures elevated and reinforcing expectations that interest rates could stay higher for longer.

Jul 23, 2026, 10:35 am IST

Live Commodity Market: Why Natural Gas Prices Are Up?

Natural gas price has extend its rally, resumed on a positive note with gapped up today at 285.80 as escalating hostilities in the Middle East heightened concerns over Europe's LNG security ahead of winter. Equinor has cautioned that Europe may not reach its 80% gas storage goal ahead of winter, increasing susceptibility to price volatility as colder weather approaches. Immediate resistance would be at 50-DEMA level placed at 291.30 and breakout of this level will boost the upward momentum. On the other side, crucial support would be at 281 – 275.90: Choice Broking.

Jul 23, 2026, 10:35 am IST

Live Crude Oil Prices Today: Why Oil Prices Are Rising?

MCX Crude oil August contract has resumed gapped higher at 8552. Price has settled sharply higher on Wednesday, posting a 6-week high. Threats to global oil supplies are boosting crude oil prices as escalation of the US-Iran war has curbed oil tanker traffic through the Strait of Hormuz and threats by Houthi militants to blockade Saudi Arabia have reduced oil tanker traffic through the Red Sea. Crude prices fell from their high on Wednesday after weekly EIA crude and gasoline inventories unexpectedly increased. Key support for today’s session would be at 8075 and 8200 and on the other hand, resistance would be at 8650 – 8740: Aamir Makda, Commodity & Currency Analyst, Technical Research at Choice Broking.

Jul 23, 2026, 10:35 am IST

Live Gold Rates Today: Middle East Crisis Topples Precious Metals

Comex Gold price has remained steady today, pulled back from $4166 in previous sessions and currently trading at $4127 / ounce. Gold price has pullback from two-week high as an escalating Middle east conflict drove oil prices higher, while traders shifted focus to next week's Federal Reserve meeting for clues on the timing of potential interest rate hikes. MCX Gold future has resumed slightly gapped lower today, trading over its key support of 20-DEMA level placed at 144.267 currently. Upside resistance would be at Daily SAR level placed at 146,300: Aamir Makda, Commodity & Currency Analyst, Technical Research at Choice Broking.

Jul 23, 2026, 10:30 am IST

Live Commodity Market: MCX Crude Outperforms, Zinc, Natural Gas, Copper Gains But Precious Metals Down

At MCX, crude oil outperformed with over 1.5% gains, while zinc and natural gas surged nearly 1% each. Copper and lead are also up. However, precious metals like gold and silver are top losers.

Jul 23, 2026, 10:27 am IST

Live Silver Rates Today: MCX Silver Falls Rs 1,400

MCX silver price nosedived by Rs 1,400 to trade around Rs 2,25,599 per 1Kg, which is near it's day's low of Rs 2,25,581 per 1Kg.

Jul 23, 2026, 10:26 am IST

Live Gold Rates Today: MCX Gold Price Crashes Rs 1,000

MCX gold price dropped by nearly Rs 1,000 to hit an intraday low of Rs 1,46,034 per 10 grams. The bullion continues to trade near its day's low.