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The Economic Times

Business

Veer Sharma

Gold price falls Rs 1,500/10g; silver plunges Rs 7,000/kg as soaring oil fuels rate hike bets. Time to sell?

Gold silver Interest Rates Oil US Federal Reserve MCX Inflation Manoj Kumar Jain

Gold and silver prices opened sharply lower on the Multi Commodity Exchange (MCX) on Friday as rising oil prices strengthened expectations of interest rates staying higher for longer. Investors also awaited next week's US Federal Reserve policy meeting.

In the domestic market, MCX silver futures for December 2026 delivery were down by Rs 5,700 to Rs 2,03,520 per kg. Gold futures for December 2026 delivery declined by Rs 2,000 to Rs 1,44,196 per 10 grams.

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