Gold, silver rates today: Comex gold slides $86/oz, silver drops $1.5/oz ahead of US Fed decision, oil surge

• Over the last seven trading sessions, the white metal has declined 14% from its recent high of $83.24.
• " width="600" height="338" fetchpriority="high" loading="eager"/>Tracking weakness in the international market, the near-month gold futures contract on MCX fell ₹2,077, slipping below the ₹1.48 lakh mark for the first time since 2 April to hit ₹1,47,950 per 10 grams.
• Tracking weakness in the international market, the near-month gold futures contract on MCX fell ₹2,077, slipping below the ₹1.48 lakh mark for the first time since 2 April to hit ₹1,47,950 per 10 grams, thereby extending its losing streak to a third straight session.
• ₹2,077, slipping below the ₹1.48 lakh mark for the first time since 2 April to hit ₹1,47,950 per 10 grams.

Article Brief

Precious metals continued to decline, with gold futures dropping $86 to $4,522 and silver futures falling $1.5 to $71.71. Rising crude oil prices heighten inflation concerns, prompting expectations of sustained higher interest rates from central banks and impacting the appeal of these metals.

Commodity price movements influence consumer-sector sentiment and broader market appetite — a signal worth watching for upcoming commodity-linked and jewellery IPOs in the pipeline.