Silver slumps another Rs 7,400/kg, gold slides to Rs 1.37 lakh/10 gm on firm dollar, muted rate cut bets. What’s next for investors?

The decline in precious metal prices, driven by global macro factors like a strong dollar and reduced rate cut bets, directly impacts Indian jewellery retailers and refiners. A weakening Rupee (as per online context) might partially offset the dollar strength for domestic prices but overall sentiment remains negative for gold.

• •Silver slumps another Rs 7,400/kg, gold slides to Rs 1.37 lakh/10 gm.
• •Prices extended losses due to a stronger dollar and fading rate cut expectations.
• •Elevated geopolitical tensions and volatile commodity markets added pressure.
• •Analysts expect continued choppiness, advising investors to wait for stability.
• •Risk flag: Sudden shift in global central bank stance on interest rates