Gold prices fall Rs 2,200/10 gms; silver tanks Rs 3,300/kg as rate hike fears outweigh falling oil prices. Key levels to watch (opens original article in a new tab)

Gold and silver prices declined on MCX as U.S. rate hike expectations and a stronger dollar offset falling oil prices, with key support and resistance levels noted for traders.

• Gold prices fell Rs 2,159 per 10 grams on MCX due to higher rate hike expectations and a stronger dollar
• Silver prices dropped Rs 3,256 per kg as U.S. interest rate hike fears outweighed lower oil prices
• Key support and resistance levels for gold and silver were highlighted for traders