GK and monthly revision

Gold prices fall Rs 1,300/10 gram; silver tanks Rs 5,600/kg as rate hike bets, US-Iran tensions dent mood. Time to sell precious metals?

On Wednesday, gold prices fell by Rs 1,300 per 10 grams, while silver prices dropped by Rs 5,600 per kg, influenced by heightened inflation concerns and expectations of persistent high interest rates from the U.S. Federal Reserve. The decline follows fading hopes for a U.S.-Iran peace deal, affecting investor sentiment. Analysts recommend that investors exercise caution and await the Federal Reserve Chair's upcoming speech before making investment decisions in the precious metals market.