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Gold and silver decline up to 2 per cent as crude prices surge above USD 110

Updated On: 28 April, 2026 03:29 PM IST | Mumbai | mid-day online correspondent

Gold and silver prices dropped sharply on Tuesday, falling up to 2 per cent due to rising crude oil prices and ongoing tensions between United States and Iran. Both domestic and international markets showed weakness, while experts advised caution as volatility continues

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Gold and silver retreat despite strong yearly gains. Representational Image

Gold and silver retreat despite strong yearly gains. Representational Image

Gold prices saw notable selling pressure on the Multi Commodity Exchange (MCX). The June 5 gold futures contract fell to an intra day low of Rs 1,50,450 per 10 grams, down 0.83 per cent (Rs 1,271). It briefly touched a high of Rs 1,51,802 before slipping again.

As per the latest update, gold was trading at Rs 1,50,600, down Rs 1,121 or 0.74 per cent.

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