Gold and silver prices fell sharply in Mumbai trade as the Strait of Hormuz blockade announcement and rising tensions dented sentiment. Weak global cues and risk-off mood pushed bullion lower, with MCX and COMEX metals showing further downside pressure
Gold fell 1.82 per cent this week amid dollar strength and market volatility, while silver gained on softer US CPI data. Analysts forecast a potential 3–5 year bull run but recommend maintaining 10–15 per cent portfolio allocation in precious metals.
Gold and silver prices plunged sharply as investors booked profits after a historic rally. MCX gold fell over 7% and silver 9%, pressured by higher CME margins, a stronger dollar, and Budget-related expectations, triggering panic unwinding and short-term bearish trends
Silver prices surged to record highs in domestic and global markets, driven by strong global cues, safe-haven demand, and rising expectations of US interest rate cuts, while gold prices remained subdued amid mixed trends and a weaker dollar
