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Gold and silver fall nearly 4 per cent amid global tensions and strong US data

MCX Gold opened at Rs 1,54,177 and silver at Rs 2,51,001 in early trade with losses of nearly 4 per cent in some sessions during the day. Gold prices in Mumbai on Monday stood at Rs 1,54,438 for 10 grams of 24-Karat gold

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Precious metals under pressure as MCX gold, silver decline sharply. Representational Pic

Precious metals under pressure as MCX gold, silver decline sharply. Representational Pic

Gold and silver traded lower on Monday in volatile conditions influenced by geopolitical tensions in West Asia, rising crude oil prices and a broader uncertain global macroeconomic environment, reported IANS.

MCX Gold opened at Rs 1,54,177 and silver at Rs 2,51,001 in early trade.

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