Gold and Silver Prices Fall Amid Fed Rate Hike Concerns
Gold and silver prices dropped sharply as rising oil prices and bond yields increased expectations of a US Federal Reserve rate hike. Gold hit a seven-week low, with gold declining by Rs 2,600 to Rs 1.5 lakh per 10 grams and silver tumbling Rs 5,000 to Rs 2.32 lakh per kilogram. Precious metal ETFs also fell up to 3.6% amid these concerns.
Kitco·11h ago



