Gold and silver prices traded lower on MCX on Monday as renewed Middle East tensions and expectations of further US Federal Reserve rate hikes pressured the non-yielding precious metals. Gold futures fell 0.4%, while silver futures declined up to 0.3%.
Gold and silver prices declined on MCX Monday. Gold futures fell 0.4%, and silver futures dropped 0.3%. This dip is attributed to renewed Middle East tensions and anticipation of further US Federal Reserve rate hikes, which negatively impact non-yielding precious metals.
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