Gold and silver prices fell up to 2% on the Multi Commodity Exchange amid US-Iran tensions and rising crude oil prices above $110. Weak global cues and profit booking pushed both metals lower despite strong long-term returns
Gold futures on the MCX surged Rs 791 to Rs 1,21,313 per 10 grams on Thursday, supported by firm global cues and a weaker dollar. Silver followed suit, gaining Rs 1,251 per kg as global prices rose above USD 4,000 per ounce
