Precious metals tumbled sharply, with gold and silver witnessing steep losses as global factors and macroeconomic developments weighed on investor sentiment.
Gold futures for April delivery fell by ₹3,616, or 3.38%, to ₹1.49 lakh per 10 grams on the Multi Commodity Exchange (MCX), whereas silver for May delivery dropped sharply by ₹16,534, or 6.7%, ending at ₹2.31 lakh per kilogram, marking the white steel’s seventh consecutive session of losses.
By: Anshul Majumdar