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Gold and silver plunge on MCX as crude surges and Iran talks stall — buy or wait
Economy
Published on 24 April 2026
Silver drops Rs 6100 while traders watch US Iran signals
Gold and silver prices tumbled on MCX, with silver falling about Rs 6,100 and gold dipping around Rs 1,000. Analysts link the move to higher crude oil prices and uncertainty over US-Iran peace talks, adding pressure from expectations of prolonged high interest rates. Traders see volatility ahead and suggest booking profits and buying only on dips, tracking dollar and inflation cues.
- Silver fell sharply on MCX, dragging sentiment
- Rising crude and US-Iran talk uncertainty drove the drop
- Investors worry prolonged high interest rates may persist
- Analysts advise booking profits and waiting for dips
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times