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The Economic Times
The Economic Times
Veer Sharma

Gold prices dip Rs 1,600/10 gm, silver crashes Rs 5,000/kg after rising oil prices amid West Asia tensions. Time to sell?

Gold silver MCX Oil West Asia United States Inflation Iran Middle East

Gold and silver prices opened sharply lower on the Multi Commodity Exchange (MCX) on Thursday as fresh tensions in the Middle East and rising oil prices weighed on sentiment after the US launched fresh attacks on Iran.

In the domestic market, MCX silver futures for July 2026 delivery were down Rs 5,012 (2%) to Rs 2,30,492 per kg. Gold futures for August 2026 delivery slipped Rs 1,573 (1%) to Rs 1,46,444 per 10 grams. In the previous session, gold ended in the red, while silver gained slightly.

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