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The Economic Times
The Economic Times
Veer Sharma

Gold prices fall Rs 3,500/10 gram in 2 days, silver down Rs 8,700/kg as oil hits $100 again. Time to sell precious metals?

Gold silver MCX United States Oil Interest Rates Inflation

Gold and silver prices extended their decline for a second straight session on the MCX on Friday as Brent crude climbed above $100 a barrel, raising inflation concerns and reinforcing expectations that interest rates could remain higher for longer.

In the domestic market, MCX silver futures for September 2026 delivery were down by Rs 1,120 at Rs 2,18,255 per kg. Gold futures for August 2026 delivery were down by Rs 185 to Rs 1,42,208 per 10 grams. With today’s decrease, the precious metals are down Rs 8,743 (silver) and Rs 3,500 (gold) in two straight sessions.

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