Gold and silver prices tumbled over 1% on Tuesday, driven by Middle East tensions and anticipated US Federal Reserve rate hikes to combat inflation. International spot gold saw its biggest monthly drop since 2008. Investors are closely watching upcoming US economic data for clues on the Fed's next move, with analysts expecting continued volatility.

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…

Gold and silver rates on MCX dropped as escalating US-Iran tensions pushed oil prices higher, raising inflation concerns and fueling speculation of a potential US Fed rate hike.