Gold and Silver Prices Decline on MCX Amid US Inflation Concerns

Gold and Silver Prices Decline on MCX Amid US Inflation Concerns

Gold and silver prices witnessed a decline in the Indian commodity market on Thursday. On the Multi Commodity Exchange (MCX), December gold futures fell 0.93% to ₹1.38 lakh per 10 grams, while December silver futures dropped 1.32% to ₹1.82 lakh per kilogram.

The decline comes amid concerns over stronger-than-expected US inflation, which could prompt the US Federal Reserve to keep interest rates higher for a longer period, putting pressure on precious metal prices.

#GoldPrice #SilverPrice #MCX #GoldRateToday #SilverRate #CommodityMarket