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The Economic Times
The Economic Times
Veer Sharma

Gold prices fall Rs 2,200/10 gms; silver tanks Rs 3,300/kg as rate hike fears outweigh falling oil prices. Key levels to watch

Gold silver Oil MCX US Federal Reserve Manoj Kumar Jain United States the Strait of Hormuz

Gold and silver prices opened sharply lower on the Multi Commodity Exchange (MCX) on Wednesday as a stronger dollar and growing expectations of U.S. interest rate hikes outweighed optimism surrounding falling oil prices as the Strait of Hormuz gradually re-opens.

In the domestic market, MCX silver futures for July 2026 delivery were down Rs 3,256 (1.4%) to Rs 2,22,578 per kg. Gold futures for August 2026 delivery declined by Rs 2,159 to Rs 1,44,370 per 10 grams. In the previous session, the two declined up to 0.25%.

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