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The Economic Times

Business

Veer Sharma

Gold prices fall Rs 1,331/10 gram, silver dips Rs 1,600/kg as Mideast tensions outweigh oil fall: Key levels to track

Gold silver Oil MCX United States Manoj Kumar Jain Iran

Gold and silver prices opened lower on the Multi Commodity Exchange on Monday to snap a two-day rally as investors weighed fresh tensions between Iran and the US, developments in the Middle East and the potential impact on inflation and interest rates.

In the domestic market, MCX silver futures for September 2026 delivery declined by Rs 1,600 to Rs 2,39,008 per kg. Gold futures for October 2026 delivery fell by Rs 1,331 to Rs 1,52,171 per 10 grams. Previously, the two metals had risen for two straight sessions.

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