Gold and silver prices continued their downward trend on Thursday, July 9, falling for the fourth consecutive trading session. While silver has plunged by nearly ₹15,000 in just four days, gold prices have slipped below ₹1.43 lakh per 10 grams on the Multi Commodity Exchange (MCX).
Gold and Silver Extend Losing Streak
The precious metals opened lower on the MCX, reflecting weak market sentiment.
Gold fell below ₹1.43 lakh per 10 grams
Silver has declined by nearly ₹15,000 over the last four trading sessions
The sustained decline has come after recent volatility in global financial markets.
Why Are Gold and Silver Prices Falling?
Market analysts attribute the decline to renewed geopolitical uncertainty and changing investor expectations.
According to reports, US President Donald Trump announced that the interim understanding with Iran has ended, reviving concerns over tensions in West Asia.
The development has increased uncertainty around:
Global inflation
Interest rate outlook
Commodity market movements
Investor sentiment
These factors have influenced trading in precious metals.
Check Prices in Your City
Retail gold and silver prices vary across cities due to:
GST
Local taxes
Making charges
Transportation costs
Buyers are advised to check rates with local jewellers before making purchases.
𝐒𝐭𝐚𝐲 𝐢𝐧𝐟𝐨𝐫𝐦𝐞𝐝 𝐰𝐢𝐭𝐡 𝐨𝐮𝐫 𝐥𝐚𝐭𝐞𝐬𝐭 𝐮𝐩𝐝𝐚𝐭𝐞𝐬 𝐛𝐲 𝐣𝐨𝐢𝐧𝐢𝐧𝐠 𝐭𝐡𝐞 WhatsApp Channel now! 👈📲
𝑭𝒐𝒍𝒍𝒐𝒘 𝑶𝒖𝒓 𝑺𝒐𝒄𝒊𝒂𝒍 𝑴𝒆𝒅𝒊𝒂 𝑷𝒂𝒈𝒆𝐬 👉 Facebook, LinkedIn, Twitter, Instagram
