Mild cognitive impairment (MCI) is associated with increased risk of developing Alzheimer’s Disease (AD). Here, levels of multiple brain metabolites in healthy controls and MCI patients using 7T magnetic resonance spectroscopy in the anterior (ACC) and posterior (PCC) cingulate cortex were studied. MCI patients showed decreased GABA/tCr (ACC, PCC), Glu/tCr (PCC), NAA/tCr (PCC), and increased mI/tCr (ACC). Worse episodic verbal memory performance correlated with lower Glu/tCr (PCC), lower NAA/tCr (PCC), and higher mI/tCr (ACC, PCC). Worse verbal fluency performance correlated with lower GSH/tCr (PCC). In summary, MCI is associated with decreased GABA and glutamate, most consistently in the PCC.