Gold and silver prices dropped on MCX Thursday due to heavy selling, influenced by global bullion losses after the US Federal Reserve hinted at potential interest rate hikes. Despite volatility, increased summer wedding season demand and price drops have spurred cautious buying from customers, with sales of lower caratage jewelry rising.
Gold and silver prices experienced a significant fall on MCX today, primarily driven by global bullion losses after the US Federal Reserve hinted at potential interest rate hikes. This news prompted heavy selling pressure in the commodities market. Despite the volatility,…
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