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The Economic Times
The Economic Times
Veer Sharma

Gold prices fall for 3rd straight session; silver dips to Rs 2.30 lakh/kg as rising oil prices fuel rate hike bets. Buy, sell or hold?

Gold silver Oil MCX US Federal Reserve United States Interest Rates

Gold and silver prices opened lower on the MCX on Wednesday, extending losses for a third session. Fresh U.S. strikes on Iran pushed oil prices and the U.S. dollar higher, fuelling concerns that inflation could remain elevated and keep interest rates higher for longer, reducing the appeal of non-yielding bullion.

In the domestic market, MCX silver futures for September 2026 delivery were down Rs 842 (0.3%) to Rs 2,30,015 per kg. Gold futures for August 2026 delivery fell by Rs 222 to Rs 1,45,170 per 10 grams. In the previous session, the two ended flat.

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