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via economictimes.indiatimes.comMarkets

Gold and silver fall sharply on MCX as traders eye Fed meeting

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

Gold and silver prices fell sharply on the MCX on Thursday, with gold declining Rs 2,000 per 10 grams and silver dropping Rs 5,700 per kg. Investors are tracking the US Federal Reserves upcoming policy meeting and inflation data, while analysts advise long-term investors to…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishPrecious metals decline as investors await the Fed meeting and inflation data.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01On the MCX, gold fell Rs 2,000 per 10 grams and silver dropped Rs 5,700 per kg.
  2. 02Investors are tracking the upcoming US Federal Reserve policy meeting and inflation data.
  3. 03Analysts advise long-term investors to accumulate gradually and traders to await stability.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
GoldCOMMODITY:GOLDCommodity4,111.20 USD-0.06%today -0.93%Negative SilverCOMMODITY:SILVERCommodity56.27 USD-0.41%today -2.50%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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