Gold and silver prices tumbled on MCX on Friday, pressured by a stronger U.S. dollar and the Federal Reserves hawkish stance. Silver futures fell 2.3% to ₹2.32 lakh/kg, while gold futures dropped ₹2,269 to ₹1.49 lakh per 10 grams. The decline extended a sharp selloff from the previous session, taking silvers two-day loss to ₹20,000 per kg and golds to ₹7,000 per 10 grams.

Gold and silver prices edged lower on MCX amid easing rate hike expectations and optimism over a potential U.S.-Iran deal. While domestic futures declined marginally, global…

Gold and silver prices fell sharply on MCX after the US Federal Reserve signalled a possible interest rate hike later this year while keeping rates unchanged. Higher rate…