Gold and silver prices opened sharply lower on the MCX on Wednesday as hopes of a lasting U.S.-Iran peace agreement weakened, stoking inflation concerns and reinforcing expectations that the Federal Reserve could keep interest rates higher.
In the domestic market, MCX silver futures for September 2026 delivery were down Rs 5,662 in (2.5%) to Rs 2,22,901 per kg. Gold futures for August 2026 delivery declined by Rs 1,331, 1%, to Rs 1,41,200 per 10 grams. In the previous session, the two gained up to 0.2%.
