Gold rates and silver rates in India dropped sharply amidst bearish global cues. MCX Gold and MCX silver futures fall significantly on Monday, starting the week on a bearish note. After the closing bell, MCX gold and silver recovered some losses. MCX gold ended above Rs 1.55 lakh and MCX silver futures closed above Rs 2.41 lakh.
On the global front, on Monday, COMEX gold is down by nearly 1% to struggle around $5,010 per ounce. Meanwhile, spot silver futures plunged by 3.4% to trade around $75.35 per ounce.

Last week, COMEX gold and silver recorded a sharp upside by 3% due to softer-than-expected US CPI data, which ignited hope for a dovish stance from the US Federal Reserve in the coming policy.
Investors are awaiting the release of FOMC meeting minutes, the US GDP advance estimate, and PCE inflation data for further clues on the timing of the next rate cut. On the geopolitical front, traders are monitoring nuclear talks between the US and Iran, as well as US-led negotiations aimed at ending the war in Ukraine, both scheduled to resume on Tuesday. Developments in these areas could influence risk sentiment and safe-haven demand. Despite recent volatility, the precious metal remained supported by ongoing geopolitical uncertainty, strong central bank buying, and investor flight from sovereign bonds and currencies, as per Trading Economics.
Gold Rates In India Today Live Updates: 18 Carat Gets Cheaper
Gold Rates In India Today Live Updates: 22 Carat Gold Prices Fall Steeply
Gold Rates Live Updates: 24 Carat Gold Rates In India Dropped Sharply
Silver Rates Today Live: MCX Silver Price Outlook
Gold Rates & Silver Rates Today Live: MCX Gold Price Outlook Ahead
Silver Rates Today Live: Track Silver Rates In India
Silver Rates Today Live: Spot Silver Struggles
Silver Rates Today Live: Silver Price Crashes
Gold Rates Live Updates: Track Real-Time Changes In Gold Prices
Gold Rates Live Updates: COMEX Gold Slips Below ,000
Gold Rates Live Updates: MCX Gold Falls Below Rs 1.55 Lakh Mark
More From GoodReturns

Big Jump in Gold Rate Today; Rising Nearly Rs 20,000/24K per100g; Silver Above Rs 2.5 Lakh in Delhi on 1 April

Gold Price Today, April 3: 22K, 24K Rates Jump Across Tanishq, Malabar, Kalyan & Joyalukkas & IBJA

Gold Rates & Silver Rates Today Live: MCX Gold Below Rs 1.49 Lakh Mark, Silver Price Drops By 14,500

Again Rise in Gold Rate in India After Falling Rs 21,200/24K; Will Gold Price Today Jump or Drop on 28 March?

Jump of Over Rs 41,000/24K in Gold Rate in India Over Four Sessions; Will Gold Price Today Hit Rs 1.50 Lakh?

Gold Price in India Rallies Rs 47400/100 Gm in 5 Days Amid Rupee Fall, Iran-US War, Silver Shines | March 31

No April Fool! Gold Rates In India Starts Month With A Bang, Rises By Rs 20,000 Today, Silver Rates Jump Too

Gold Rate in India Today Takes U-Turn! 24K Crashes After Rs 84,000/100 Gm Jump In 7 Days, Silver Falls Too

Gold Price Weekly Prediction 30 Mar-4 Apr: Gold Rate in India Rebounds After Big Crash; Will Rally Continue?

Rupee Crash Alert: INR Breaches 95/USD; What It Means For Gold Rate in India? Explained

Gold Prices Today: Bangalore, Chennai, Hyderabad See Fresh Moves in 24K, 22K, 18K Rates & Silver on March 31



Click it and Unblock the Notifications