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The Economic Times
The Economic Times
Veer Sharma

Silver plummets Rs 4,500/kg, gold dips Rs 2,500/10 gm as Iran strikes US airbases. Time to sell?

Gold silver United States Iran MCX the Multi Commodity Exchange Oil

Gold and silver prices opened sharply lower on the Multi Commodity Exchange (MCX) on Wednesday as fresh tensions in the Middle East, a stronger dollar and rising oil prices weighed on sentiment after Iran retaliated following US airstrikes.

In the domestic market, MCX silver futures for July 2026 delivery were down Rs 4,528 (2%) to Rs 2,34,000 per kg. Gold futures for August 2026 delivery slipped Rs 2,555 (2%) to Rs 1,49,888 per 10 grams. The two ended the previous session in the red.

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