Gold price today: Yellow metal slides Rs 4,300/10g, silver tanks Rs 13,700/kg as MCX reopens post Ram Navami break

The sharp decline in precious metal prices, driven by global factors, directly impacts the Indian jewelry sector and investors holding physical gold or gold-related financial products. This could lead to reduced inventory values for jewelers and potential losses for investors.

• •Gold prices fell Rs 4,300 per 10g to Rs 1,39,800 on MCX.
• •Silver prices slid Rs 13,700 per kg to Rs 2,21,146 on MCX.
• •Domestic bullion followed global cues, with COMEX gold down 2.87% and silver falling 7%.
• •Risk flag: Sudden geopolitical events could trigger safe-haven demand, reversing the trend.
• •Risk flag: Any significant weakening of the US Dollar could provide support to gold prices.