BusinessPhoto: Aaj TakSilver Price Drops ₹4600 on Karva Chauth Despite Fed Rate Hold
On Karva Chauth day, silver prices fell sharply by ₹4600, breaking below ₹1.90 lakh per kg on MCX. Gold prices also declined by ₹700, with December futures at ₹1,42,800 per 10 grams. The US Federal Reserve kept interest rates steady but hints of a December hike pressured precious metals. Rising US bond yields and a stronger dollar also weighed on demand, prompting investor profit-taking after recent gains.
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