 |
| Home > News > Other Markets |
|
| Other Markets |
|
|
| Select Items |
 |
|
 |
|
|
|
|
| Hot Commodities: MCX silver crashes ₹15,000 from record ₹ 304,891 peak |
Back |
| (11:42, 15 May 2026) |
|
|
| Silver fell below $81 an ounce in Asia electronic trades on Friday, retreating from two-month highs as a stronger US dollar and mounting inflation fears pressured precious metals. MCX July silver futures plunged over ₹15,000 to ₹ 275,835 per kg after touching a record ₹ 304,891 earlier this week. Persistent inflation fueled by the prolonged Iran war and the closure of the Strait of Hormuz has strengthened expectations of a Federal Reserve rate hike, pushing the dollar index near 99 and weighing heavily on silver prices. Markets have now largely ruled out a Fed rate cut this year. Despite the sharp pullback, silver remains supported by structural supply deficits and resilient industrial demand from sectors such as electronics and solar energy, helping the metal outperform several precious peers this week. Powered by Capital Market - Live News |
|
|
|
|