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via economictimes.indiatimes.comEconomy

Gold falls Rs 1,500 per 10g and silver plunges Rs 7,000 per kg on MCX

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

Gold and silver prices fall on the MCX as rising oil prices fuel inflation concerns and expectations of higher interest rates for longer. Investors track the US Federal Reserve meeting, dollar movements and geopolitical tensions for cues on precious metals.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishRising oil fuels expectations of higher rates for longer, weighing on precious metals.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Gold and silver are falling on India's MCX exchange.
  2. 02Rising oil fuels inflation concerns and expectations of higher rates.
  3. 03Investors track the US Federal Reserve meeting and dollar moves.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
GoldCOMMODITY:GOLDCommodity4,027.50 USD-0.20%today -0.81%Negative SilverCOMMODITY:SILVERCommodity54.15 USD-0.36%today -1.57%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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