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MARKETS-ECONOMIC TIMES · INDIAN ·

Gold prices fall Rs 6,000/10 gram in two days; silver tanks Rs 15,500/kg on rate hike fears. Time to sell precious metals?

As reported by Markets-Economic Times
Gold and silver prices have fallen sharply on MCX over the past two sessions amid a stronger US dollar and rising rate hike expectations. Silver dropped Rs 15,500/kg while gold fell nearly Rs 6,000 per 10 grams. Analysts expect continued volatility and advise caution at current levels.
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Gold prices have dropped by Rs 6,000 per 10 grams and silver by Rs 15,500 per kilogram over the last two sessions on MCX. This sharp decline is attributed to a stronger US dollar and increasing expectations of interest rate hikes. Analysts anticipate continued market volatility…

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