Gold and silver prices fell sharply on MCX on Wednesday as a stronger U.S. dollar and rising expectations of Federal Reserve rate hikes dampened sentiment, outweighing support from easing oil prices and the gradual reopening of the Strait of Hormuz.
Gold and silver prices experienced a significant decline on MCX, largely driven by a stronger U.S. dollar and increasing expectations of Federal Reserve rate hikes. Gold fell by Rs 2,200 per 10 grams, while silver tanked Rs 3,300 per kilogram. This downturn occurred despite some…
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