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The Economic Times
The Economic Times
Debaroti Adhikary

Gold falls below Rs 1.54 lakh/10 grams, silver drops by Rs 4,600/kg as fresh US-Iran strikes raise worries

United States Iran Gold silver MCX Oil Inflation Interest Rates

Gold and silver prices opened sharply lower on the Multi Commodity Exchange (MCX) on Thursday evening as fresh US-Iran strikes boosted the dollar and spiked oil prices, fuelling concerns over rising inflation.

In the domestic market, gold futures with June expiry on MCX dropped over 1% or Rs 1,977 per 10 grams to trade at Rs 1,53,650 per 10 grams. The contracts with August expiry also dropped more than 1% to Rs 1,57,725 per 10 grams during the evening session of the exchange.

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