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The Economic Times
The Economic Times
Veer Sharma

Gold prices snap 2-day fall, silver at Rs 2.18 lakh/kg despite rising oil prices, rate hike fears. Key levels to watch today

Gold silver MCX Oil United States US Federal Reserve Christopher Waller Inflation Manoj Kumar Jain Iran

Gold and silver prices opened higher on Tuesday on the MCX, snapping a two-day losing streak even as escalating tensions between the United States and Iran pushed oil prices sharply higher, stoking inflation concerns and strengthening expectations of higher U.S. interest rates after hawkish comments from Federal Reserve Governor Christopher Waller.

In the domestic market, MCX silver futures for September 2026 delivery were up Rs 615 to Rs 2,18,333 per kg. Gold futures for August 2026 delivery rose by Rs 691 to Rs 1,41,000 per 10 grams. In the previous session, gold edged 0.20% lower, while silver slipped 0.15%.

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