Silver slips below ₹2 lakh amid selling pressure; gold also declines - Business Standard

AI desk brief

Gold and silver were under pressure on Friday as crude oil moved above $100 a barrel, stoking inflation concerns and reinforcing expectations that rates could stay elevated for longer. Silver futures slipped below ₹2 lakh/kg in domestic trade, while MCX gold was quoted around ₹1,42,300/10g and Comex gold near $4,030/oz.

MCX December gold opened ₹1,251 lower at ₹1,42,058/10g versus the previous close of ₹1,43,309, and was last trading ₹1,002 lower at ₹1,42,307. The move came after sharp losses in the prior session, alongside weakness in global equities.