Gold and silver prices extended losses for a second day on the Multi Commodity Exchange (MCX) on Tuesday as rising oil prices fuelled inflation concerns and strengthened expectations that the Federal Reserve could raise interest rates further.
In the domestic market, MCX silver futures for September 2026 delivery were down by Rs 1,542 to Rs 2,25,900 per kg. Gold futures for October 2026 delivery dipped by Rs 235 to Rs 1,46,569 per 10 grams. In two sessions, the yellow metal has declined Rs 4,300, while silver is down nearly Rs 9,000.
