Gold and silver slide as buyers await stable prices

economictimes.indiatimes.com —

Gold and silver prices fell sharply on Monday, prompting potential buyers to postpone purchases for upcoming festivals and weddings in anticipation of further declines. Silver futures for September delivery dropped ₹6,661 to ₹2,28,035 per kg on MCX, while gold futures for October slipped ₹3,214 to ₹1,47,667 per 10 grams. Jewellers noted buyers typically wait for a rising market, fearing more falls. The selloff came amid a stronger US dollar, higher Treasury yields, and uncertainty over the US-Iran war. Spot gold traded around $4,185 an ounce, down over 2%, with the 10-year yield near 5.22%.


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