On the Multi Commodity Exchange, gold futures fell by 1.23 percent to Rs 1,46,249 per 10 grams at 12:30 pm on an intraday basis. The drop followed a recent rally in which bullion prices had been steadily rising over the past few days.
Silver futures for July also recorded a steep decline, falling over 3.18 percent to Rs 2,26,860 per kilogram on Tuesday, reflecting broad weakness across the precious metals segment.
In Mumbai, 24-karat gold prices registered a decline of Rs 2,050 per 10 grams compared to the previous trading session. The latest rate stood at Rs 1,46,524 per 10 grams, down from Rs 1,48,574. The movement aligned with global price trends influenced by shifting economic and geopolitical conditions.
Prices of 22-karat gold in Mumbai also moved lower, settling at Rs 1,34,216 per 10 grams.
In Delhi, gold prices showed similar marginal adjustments. The rate of 24-karat gold was recorded at Rs 1,46,378 per 10 grams, while 22-karat gold stood at Rs 1,34,082 per 10 grams.
Meanwhile, Indian equity markets opened on a subdued note on Tuesday following strong gains in the previous session. Market sentiment remained cautious as easing tensions in West Asia supported a stable but restrained opening.
The Sensex opened at 77,086.05, registering a decline of 8 points or 0.01 percent. The Nifty began trading at 24,071.30, down 31.60 points or 0.13 percent, according to market data.
Across sectoral indices, Nifty Pharma emerged as the top gainer, rising 0.41 percent. It was followed by Nifty MidSmall Healthcare, which gained 0.40 percent. Nifty 500 Healthcare and Nifty Media also advanced by 0.29 percent each.
Nifty Cement increased by 0.27 percent, while Nifty Oil and Gas rose by 0.18 percent.
On the losing side, Nifty Metal emerged as the worst-performing sector, declining by 0.8 percent. Nifty IT also weakened, slipping 0.77 percent.
The combined movement in bullion and equity markets highlighted a broader recalibration of investor sentiment as global geopolitical concerns showed signs of easing while domestic markets remained range-bound.
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