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silver futures

Gold recovered on MCX while silver slipped as investors awaited US inflation data and the Federal Reserve’s next rate decision.

MCX gold fell up to 0.8% and silver dropped more than 1% on Friday as fresh US-Iran tensions increased geopolitical uncertainty.

Gold prices rose 1.31% this week as US-Iran tensions and higher crude oil prices boosted safe-haven demand ahead of the Federal Reserve meeting.

Gold and silver prices declined as easing geopolitical tensions and hopes of a US-Iran agreement reduced demand for safe-haven assets.

Gold and silver prices declined on Wednesday as investors assessed US-Iran tensions, rising crude oil prices and broader market uncertainty.

Gold and silver prices fell on MCX after the import duty hike, with silver dropping nearly 2 per cent due to profit booking by investors.

Gold and silver prices surged up to 8 per cent on Wednesday after the government sharply increased import duties on precious metals to conserve foreign exchange reserves.

Gold prices rose 5.77% this week, supported by geopolitical tensions, easing crude oil prices and steady demand, while silver edged lower.