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The Economic Times
The Economic Times
Veer Sharma

Silver down Rs 700/kg, gold opens flat as Mideast tensions, rising oil prices dent sentiment. What should you do?

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

Gold and silver prices opened lower on the Multi Commodity Exchange (MCX) on Wednesday as a renewed escalation in Middle East tensions drove crude oil prices higher, reinforcing concerns that inflationary pressures could keep interest rates elevated for a longer period.

In the domestic market, MCX silver futures for July 2026 delivery were down Rs 700 to Rs 2,66,011 per kg. Gold futures for August 2026 delivery were down at Rs 1,59,342 per 10 grams. In the previous session, silver and gold ended marginally higher, while silver rose 0.13%.

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