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The Economic Times
The Economic Times
Veer Sharma

Gold prices dip Rs 3,000/10 gram this week, silver plunges Rs 7,300/kg as oil rally raises rate hike bets. What’s next?

Gold silver MCX Oil United States Inflation Iran US Federal Reserve

Gold prices edged higher while silver traded slightly lower on the MCX on Friday as renewed fighting between the U.S. and Iran lifted oil prices, stoking inflation concerns and strengthening expectations that interest rates could remain higher for longer.

In the domestic market, MCX silver futures for September 2026 delivery were down Rs 745 at Rs 2,15,268 per kg. Gold futures for August 2026 delivery declined by Rs 385 to Rs 1,40,733 per 10 grams. For the week, gold has declined Rs 3,000, while silver has declined of Rs 7,000.

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