Gold and silver prices remained under pressure on Monday after stronger US employment data increased expectations that the US Federal Reserve could maintain a tighter monetary stance. MCX gold futures declined to around Rs.1.52 lakh per 10 grams, while silver futures also witnessed a sharp fall. Over the last two sessions, gold and silver have […]

Indian equity markets started the new trading week on a weak note, with the Sensex falling over 250 points in early trade and the Nifty slipping below the 23,900 mark. Technology stocks were among the biggest drags, with selling pressure seen in major IT companies.

The Indian stock market enters the new week after a challenging phase, with both the Sensex and Nifty recording their fourth consecutive weekly decline. The Nifty had fallen around 1.15% during the previous week, while the Sensex also registered a decline.

The outlook for gold remains uncertain as global investors prepare for important US inflation data later this week. The upcoming Consumer Price Index report could influence expectations regarding the Federal Reserve’s next interest-rate decision.

Silver continued to witness sharp fluctuations as investors weighed stronger US economic data against geopolitical risks. The metal has faced selling pressure along with gold, although its industrial demand outlook remains an important long-term factor.

Geopolitical tensions in the Middle East continue to remain a major concern for global markets, particularly because of risks surrounding oil transportation through the Strait of Hormuz.