Economic TimesLean R·
Gold prices dip Rs 3,200/10 gram; silver falls Rs 6,700/kg as high oil prices raise rate hike bets. Time to sell?
Gold and silver prices fell sharply on MCX as rising oil prices fuelled inflation concerns and boosted expectations of further US rate hikes. Gold futures dropped Rs 3,214 per 10 grams, while silver declined Rs 6,661 per kg. Experts expect volatility amid crude prices, the dollar, geopolitical tensions and US-Iran developments.
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