Gold Falls 1% on MCX, Silver Crashes by Rs 5.3k per Kg Amid Renewed US-Iran War Tensions | City-Wise Rates

Gold falls 1% on MCX, silver crashes by Rs 5.3k per kg amid renewed US-Iran war tensions | City-wise rates

Rising crude oil prices fueled concerns that inflationary pressures could persist, reinforcing expectations that the Federal Reserve may raise interest rates once more this year.

Gold Prices Fall INR 2,000, Silver Drops INR 5,400 on MCX As Rising Oil Prices Fuel Rate Hike Fears

Gold prices fell by INR 2,000 per 10 grams and silver declined by INR 5,400 per kg on the MCX as rising crude oil prices triggered concerns over inflation and potential interest rate hikes. Escalating US-Iran tensions lifted oil prices, strengthening the US dollar and reducing the appeal of non-yielding assets like gold and silver. Gold Prices Fall INR 2,000, Silver Drops INR 5,400 on MCX As Rising Oil Prices Fuel Rate Hike Fears.

Gold price drops 1%, silver rates crash over 2% on MCX as inflation fears, rate hike concerns revive

MCX gold August futures declined over 1% to ₹1,41,820 per 10 grams, while MCX silver September futures crashed more than 2% to ₹2,17,448 per kg in early deals after crude oil prices jumped 4%, driving the dollar index higher.

Gold's Paradox Deepens: Central Bank Hoarding Meets Its Match in Oil-Driven Rate Fears

Bullion’s recent retreat below the $4,100 threshold has laid bare a rare anomaly in the precious metals market: a major Middle Eastern conflict and a historic central-bank buying spree have failed to generate the customary safe-haven bid. Instead, gold finds itself squeezed between a hawkish Federal Reserve and an energy-price shock that is reshaping the […] The post Gold’s Paradox Deepens: Central Bank Hoarding Meets Its Match in Oil-Driven Rat…