Gold and silver prices opened sharply lower on the Multi Commodity Exchange on Thursday, as the US Federal Reserve’s first rate hike in three years and signals of further tightening weighed on the precious metals, despite a two-day decline in oil prices.
In the domestic market, MCX silver futures for September 2026 delivery were down Rs 4,600 to Rs 2,30,221 per kg. Gold futures for October 2026 delivery declined by Rs 2,000 to Rs 1,50,483 per 10 grams.