Gold, Silver Prices Fall Due to Global Factors

Hindustan Times - Business · stocks

Gold and silver prices have declined in India, mirroring a sharp fall in global bullion markets. Rising crude oil prices, higher US Treasury yields, and a stronger dollar are pressuring precious metals. The US Federal Reserve's potential for further interest rate hikes makes interest-bearing assets more attractive than non-yielding gold. This trend has led to significant drops in both gold and silver ETFs, as well as futures contracts on domestic exchanges.