Gold and Silver Rates Dip Amid Geopolitical Stress
Rare-earth element prices in India experienced a decline on Friday, mirroring global market patterns influenced by the continuous US-Iran problem. Below’s a recap:
- MCX Gold (June Futures): Lowered by 26 to 1, 51, 735 per 10 grams, down over 2 % today.
- MCX Silver (May Futures): Dropped by 1, 928 to 2, 39, 585 per kg, with once a week losses exceeding 6 %.
- International Area Gold: Enhanced by 0. 6 % to $ 4, 721 15 per ounce but continues to be down for the week.
- US-Iran Conflict Effect: Gold costs down over 10 %, silver down about 18 % since problem start.