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Gold and Silver Prices Dip Amid US-Iran Tensions, Fed Rate Hike
M
Moneycontrol•21-09-2026, 09:12
Gold and Silver Prices Dip Amid US-Iran Tensions, Fed Rate Hike
- •Spot gold fell marginally to just above $4,365 per ounce, down 0.40 percent, while US gold futures declined 0.40 percent to $4,407 per ounce.
- •MCX gold futures for October dropped 0.38 percent to Rs 1,53,789 per 10 grams.
- •Silver edged 0.39 percent lower to Rs 2,42,663 per kilogram on MCX.
- •The declines are attributed to escalating US-Iran tensions and the US Federal Reserve's rate hike.
- •Brent crude prices also slipped 2 percent to $101.7 per barrel.
Key Questions Answered
Spot gold fell marginally and US gold futures declined amid escalating US-Iran tensions following the US Federal Reserve's rate hike.
MCX gold futures for the October contract declined 0.38 percent to Rs 1,53,789 per 10 grams, and silver edged 0.39 percent lower to Rs 2,42,663 per kilogram.
The domestic spot gold closed the Friday session at Rs 1,53,176 per 10 grams, while silver held its price at Rs 2,37,062 per kilogram.
