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Gold, silver prices fall as Fed rate-hike concerns weigh; 24 karat gold in Mumbai below Rs 1.47 lakh mark

Updated On: 12 June, 2026 11:19 AM IST | Mumbai | mid-day online correspondent

Gold and silver prices declined sharply on Thursday as concerns over potential US Federal Reserve rate hikes dampened investor sentiment. MCX gold futures fell 1.5 per cent to Rs 1,47,412 per 10 grams, while silver futures slipped nearly 1%. Gold prices in Mumbai and Delhi also eased

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Representational image. File pic

Representational image. File pic

Gold and silver prices opened sharply lower on Thursday over concerns of US Federal Reserve rate-hike fears. On the Multi Commodity Exchange (MCX), gold futures (August) dipped 1.51 per cent to Rs 1,47,412  per 10 grams at 10:50 am on an intraday basis.

On the other hand, silver futures (July) lost almost 1 per cent to Rs 2,31,671  per kg.

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