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"Gold Slumps Rs 3,214, Silver Falls Rs 6,661 as Oil-Driven Inflation Bets Lift Rate-Hike Fears"

Gold and silver prices fell sharply on the Multi Commodity Exchange on Wednesday as a surge in crude oil prices revived inflation worries and strengthened expectations of further US interest-rate hikes. Traders said the move reflects a broader risk-off adjustment across commodities, with bullion losing support from safe-haven demand even as geopolitical tensions remain elevated.

Gold Slumps Rs 3,214, Silver Falls Rs 6,661 as Oil-Driven Inflation Bets Lift Rate-Hike Fears

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RDU Global Wire

Macro Economy & Fiscal Policy Desk

New Delhi, India Just now (10:19 AM IST)•4 min read

Gold and silver prices fell sharply on the Multi Commodity Exchange on Wednesday as a surge in crude oil prices revived inflation worries and strengthened expectations of further US interest-rate hikes. Traders said the move reflects a broader risk-off adjustment across commodities, with bullion losing support from safe-haven demand even as geopolitical tensions remain elevated.

Gold and silver prices fell sharply on the Multi Commodity Exchange on Wednesday as a surge in crude oil prices revived inflation worries and strengthened expectations of further US interest-rate hikes. Traders said the move reflects a broader risk-off adjustment across commodities, with bullion losing support from safe-haven demand even as geopolitical tensions remain elevated.

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Reported by RDU Global Correspondent. Formatted and verified using real-time institutional and journalistic wire feeds. Independent reporting adhering to the RDU Global Editorial Code of Conduct.

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