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The Economic Times
The Economic Times
Veer Sharma

Gold prices dip below Rs 1.50 lakh/10g; silver cracks Rs 20K/kg in 2 days amid strong dollar, inflation worries. Should you sell?

Gold silver Inflation MCX the Federal Reserve US Federal Reserve Manoj Kumar Jain United States

Gold and silver prices opened sharply lower on the Multi Commodity Exchange (MCX) on Friday as a stronger U.S. dollar and hawkish messaging from the Federal Reserve outweighed a sharp weekly drop in oil prices amid US-Iran interim resolution.

In the domestic market, MCX silver futures for July 2026 delivery were down Rs 5,371 (2.3%) to Rs 2,32,201 per kg. Gold futures for August 2026 delivery declined by Rs 2,269 to Rs 1,49,309 per 10 grams. With today’s decline, silver is down Rs 20,000 in two sessions, while gold is down Rs 7,000.

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