Gold and silver prices witnessed a sharp sell-off, with MCX gold falling to \u20b91,38,386 and silver trading at \u20b91,79,308 per kg. The silver quote is for the December 4, 2026 expiry contract.<\/p>\n
In the international market, spot gold fell below $3,900 per ounce, while silver dropped below $50 per ounce, touching an 11-month low, as inflation concerns, elevated crude oil prices and expectations of tighter US monetary policy weighed on precious metals.<\/p>\n
Gold and silver prices in international markets<\/p>\n
Spot gold fell $122.06, or 3.04%, to $3,899.33 per ounce, slipping below the $4,000 mark. Silver tumbled $3.10, or 6%, to $49.06 per ounce, marking its lowest level in nearly 11 months.<\/p>\n
According to Saumil Gandhi, senior analyst of commodities at HDFC Securities, bearish global factors weighed on gold prices in the domestic market.<\/p>\n
Ashish Rajodiya, head of commodities at PL Capital, attributed the decline in silver prices to elevated crude oil prices, inflation concerns and expectations of tighter US monetary policy.<\/p>\n
“Spot gold slipped below $3,900 per ounce for the first time since mid-July, while silver tumbled more than 3% to fall below $50, its lowest level since November, as elevated oil prices, stronger-than-expected US GDP growth and a hotter inflation print kept the path open for another Fed rate hike this year,” Kaynat Chainwala, AVP of commodity research at Kotak Neo, said, according to PTI.<\/p>\n
Concerns over the sustainability of AI-related investment and a sharp sell-off in technology stocks also raised the risk of investors liquidating precious metals positions to cover losses elsewhere, Chainwala said.<\/p>\n
Gold, silver set for monthly losses<\/p>\n
Gold and silver were heading for monthly declines of more than 4% and 16%, respectively, Chainwala said.<\/p>\n
She added that any support from softer bond yields and a weaker dollar was outweighed by broader deleveraging across financial markets. Investors favoured US Treasuries as a safe haven amid the risk aversion, limiting inflows into non-yielding precious metals.<\/p>\n","protected":false},"excerpt":{"rendered":"Gold and silver prices witnessed a sharp sell-off, with MCX gold falling to \u20b91,38,386 and silver trading at…\n","protected":false},"author":2,"featured_media":80431,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[1875],"tags":[14070,11944,1263,11943,54413,14057,14065,54411,26032,54414,6751,54412,14081,14066,54410,54415],"class_list":["post-80430","post","type-post","status-publish","format-standard","has-post-thumbnail","category-energy-commodities","tag-bullion-market","tag-commodities","tag-energy","tag-energy-commodities","tag-gold-price-fall","tag-gold-price-today","tag-gold-prices","tag-gold-rate-in-delhi","tag-international-gold-prices","tag-international-silver-prices","tag-precious-metals","tag-silver-price-crash","tag-silver-price-today","tag-silver-prices","tag-silver-rate-in-delhi","tag-us-federal-reserve-rate-hike"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedStates\/117531385934868737","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/unitedstates\/wp-json\/wp\/v2\/posts\/80430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/unitedstates\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/unitedstates\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/unitedstates\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/unitedstates\/wp-json\/wp\/v2\/comments?post=80430"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/unitedstates\/wp-json\/wp\/v2\/posts\/80430\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/unitedstates\/wp-json\/wp\/v2\/media\/80431"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/unitedstates\/wp-json\/wp\/v2\/media?parent=80430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/unitedstates\/wp-json\/wp\/v2\/categories?post=80430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/unitedstates\/wp-json\/wp\/v2\/tags?post=80430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}