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| Gold falls to 7-month low under $4,100; silver hits 3-month low |
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| (15:16, 11 Jun 2026) |
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| Gold prices extended their downturn on Thursday, with international futures slipping below $4,100 per ounce to a seven-month low, while MCX gold futures fell to ₹1,46,444 per 10 grams. Silver also remained under intense pressure, with international prices dropping to $61.6 per ounce and MCX silver futures hitting a record low of ₹2,30,493 per kg. The weakness in bullion was driven by sustained profit-taking, firm inflation expectations, and subdued investment demand despite escalating Middle East tensions. In India, bullion sentiment softened after AMFI (Association of Mutual Funds in India) data showed Gold ETFs recorded net outflows of about ₹725 crore in May, ending a 12-month inflow streak. Elevated prices, higher import duties, and waning investor appetite continue to weigh on the precious metals complex. Powered by Capital Market - Live News |
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