Gold rate falls over 1% on MCX as a stronger dollar amid US Fed rate hike expectations spurs profit booking (opens original article in a new tab)

Gold and silver prices declined on MCX as a stronger dollar, fueled by expectations of US Fed rate hikes, led to profit booking in precious metals.

• Gold prices fell 1.05% on MCX to ₹1,46,566 per 10 grams
• Silver July futures dropped 2.85% to ₹2,27,622 per kg
• Dollar index rose to 101.08, driven by Fed rate hike expectations
• CME FedWatch Tool shows 88% chance of a December rate hike