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Gold and silver fall despite war fears. Here’s why
Gold and silver prices have declined despite geopolitical tensions, with MCX gold at ₹1,60,638 per 10 grams and MCX silver at ₹2,64,700 per kg. The strong US dollar and profit-booking are key factors.
Gold near ₹1.60 lakh per 10 grams in India, silver slips to ₹2.65 lakh per kg
Gold and silver prices fell in India on March 9, tracking global market weakness. Gold futures on MCX dropped 0.83%, while silver slipped 1%, influenced by rising crude oil prices and a stronger US dollar.
Silver rate today fell on stronger US dollar as US-Iran war rages, brent crude price crosses $100- Should you buy?
Silver and gold prices fell on March 9 due to a stronger U.S. dollar and rising energy prices, which heightened inflation concerns. MCX Silver dropped 1.3% to ₹2,64,747 per kg, while MCX Gold decreased 1.1% to ₹1,59,826 per 10 gram.
Gold, Silver Rates Today LIVE: MCX gold rate falls below ₹1.61 lakh, silver slips 1% on strong dollar amid US-Iran war
Gold, Silver Rates Today LIVE: The US dollar hovered near a three-month high, making bullion more expensive for holders of other currencies. The surge in crude oil prices stoked inflation fears and delayed rate-cut expectations, weighing on the safe-haven demand and pushing gold prices down.
Gold steady at ₹1.58 lakh per 10 grams in India; silver jumps over 3%
Silver jumped over 3% on MCX due to US trade policy uncertainty; gold saw modest gains. Fed signals, tensions, and a strong dollar influenced bullion prices.
Gold rate up on MCX amid rising US-Iran tensions, but stronger dollar caps gains; experts highlight key levels to watch
Gold price today: Gold rate rose on the MCX on rising US-Iran tensions. MCX gold April futures were 0.20% up at ₹1,55,110 per 10 grams around 9:45 am, while MCX silver March contracts were 0.65% up at ₹2,42,974 per kg at that time.