US EditionGold falls by Rs 1,800 on MCX, silver slides over 2% amid profit booking, spike in crude oil prices
4 Articles
4 Articles
Gold and silver prices are falling. This decline comes at a time when the dollar continues to strengthen and oil prices are rising, signaling the risk of rising inflation.
Gold falls by Rs 1,800 on MCX, silver slides over 2% amid profit booking, spike in crude oil prices
Rates of precious metals in futures fell on Monday, April 20, 2026, amid profit booking as the US dollar firmed and oil prices climbed over 5 per cent as a standoff between Iran and the US prevented tankers from using the Strait of Hormuz. The gold June 5 contract on the Multi Commodity Exchange (MCX) opened with a fall of Rs 1,451 at Rs 1,53,158 per 10 grams against the previous close of Rs 1,54,609. It fell further to touch an intraday low of…
The escalation of tensions between the US and Iran into the Strait of Hormuz continues to put pressure on gold and silver prices. Economist Filiz Eryılmaz noted the pressure on gold caused by the sharp rise in oil prices, emphasizing that opening new positions before technical resistance levels are overcome is risky.
Silver tanks nearly Rs 4,000, gold slips Rs 1,600 as Strait of Hormuz tensions reignite inflation fears. Time to sell?
Gold and silver prices declined on MCX amid a stronger U.S. dollar and escalating tensions around the Strait of Hormuz, which pushed oil prices higher and revived inflation concerns. Analysts advise a buy-on-dips strategy despite volatility, citing key support levels and geopolitical developments influencing precious metals.
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