BusinessPhoto: Aaj TakGold and Silver Prices Drop Sharply Due to US Inflation Data
On December 4, domestic commodity markets saw a significant drop in gold and silver prices. Silver futures on MCX fell by ₹8,000 to ₹2.11 lakh per kg, while gold dropped 1.5% to ₹1,46,366 per 10 grams. The decline was triggered by US inflation data showing a 0.6% monthly CPI rise in September, raising fears of interest rate hikes by the Federal Reserve. This strengthened the dollar and pressured international gold and silver prices.
Aaj Tak·




