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The Economic Times
The Economic Times
Veer Sharma

Gold prices fall Rs 1,500/10 gram, silver dips Rs 2,100/kg as oil rally outweighs US inflation data. What should investors do?

Gold silver United States Inflation Oil MCX Manoj Kumar Jain crude oil

Gold and silver prices opened lower on the MCX on Wednesday as rising crude oil prices revived inflation concerns and clouded the U.S. interest rate outlook, reducing demand for non-yielding precious metals.

In the domestic market, MCX silver futures for September 2026 delivery were down Rs 2,125 to Rs 2,21,064 per kg. Gold futures for August 2026 delivery declined by Rs 1,517 to Rs 1,40,740 per 10 grams. In the previous session, gold and silver closed higher on the back of softer-than-expected US inflation.

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