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The Economic Times
The Economic Times
Veer Sharma

Gold prices drop 9,500/10 gram in 4 days; silver down Rs 7,700/kg as US Fed rate hike bets increase. Buy, sell or hold?

Gold US Federal Reserve silver Kevin Warsh United States Interest Rates MCX

Gold and silver prices opened sharply lower on the Multi Commodity Exchange on Monday, extending losses for a fourth straight session, as U.S. Federal Reserve Chair Kevin Warsh's comments raised expectations that interest rates may need to rise.

In the domestic market, MCX silver futures for September 2026 delivery were down Rs 3,635 to Rs 2,38,809 per kg. Gold futures for October 2026 delivery fell by Rs 2,700 to Rs 1,53,640 per 10 grams. Gold has fallen Rs 5,000/10 grams in 4 straight sessions. Gold has tanked Rs 9,500 in 4 days, while the white metal is down Rs 7,700 in three sessions.

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