Gold and silver prices came under pressure after the Federal Reserve raised interest rates and signalled the possibility of further tightening. COMEX gold declined around 1.81%, while silver fell about 1.91% in early indications on Thursday.
Higher interest rates can reduce the appeal of non-yielding assets such as gold and silver. Indian commodity investors are also monitoring the rupee and global bond yields, along with geopolitical developments that could influence safe-haven demand.
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