Gold prices fall Rs 6,000/10 gram in two days; silver tanks Rs 15,500/kg on rate hike fears. Time to sell precious metals? (opens original article in a new tab)
Gold and silver prices declined on the MCX amid a stronger U.S. dollar and expectations of Federal Reserve rate hikes, with silver falling 7% in two days.
- Gold prices fell Rs 5,863 per 10 grams on MCX.
- Silver prices dropped Rs 15,526 per kg on rate hike fears.
- U.S. dollar rose to a 13-month high, pressuring precious metals.
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