Gold Slumps Rs 3,214, Silver Drops Rs 6,661 as Oil-Driven Inflation Bets Lift Rate-Hike Fears
Gold and silver prices fell sharply on the Multi Commodity Exchange after a surge in crude oil stoked inflation worries and revived bets that the US Federal Reserve may keep interest rates elevated for longer. The move triggered a broad risk reset across bullion, with traders weighing dollar strength, geopolitical tensions and the next leg in US-Iran developments.
