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The Economic Times
The Economic Times
Veer Sharma

Silver prices tank Rs 5,700/kg, gold down Rs 1,300/10 gm as Iran war uncertainty stokes inflation worries. Time to sell?

Gold silver Inflation Iran MCX Manoj Kumar Jain the Multi Commodity Exchange United States

Gold and silver prices opened sharply lower on the Multi Commodity Exchange (MCX) on Friday as renewed tensions in the Middle East weighed on hopes of a U.S.-Iran peace agreement, while concerns over inflation and higher interest rates also pressured sentiment.

In the domestic market, MCX silver futures for July 2026 delivery were down Rs 5,629 (2%) to Rs 2,59,167 per kg. Gold futures for August 2026 delivery slipped Rs 1,334 (1%) to Rs 1,58,213 per 10 grams. In the previous session, silver and gold ended lower.

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