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Listen to this article in summarized format Silver futures for September delivery fell by ₹6,661 to ₹2,28,035 per kg on MCX. Gold futures for October delivery slipped 3,214 to ₹1,47,667 per 10 grams. The correction has improved affordability, but jewellers said buyers are unlikely to rush in until prices of the yellow metal show signs of stabilising or a recovery. Read more: Gold tumbles 4% to seven-week low as oil, dollar and yields climb "Generally, buying happens in a rising market and not in a falling market due to fear of more fall," said Surendra Mehta, secretary, India Bullion & Jewellers Association. "Unless prices start moving up, the festive season buying will not pick up." Read more: Motilal Oswal sees 4 factors boosting risk-reward after market’s sharp fall from 2024 high, lists 27 stock picks The selloff came amid strengthening of the US dollar, higher US yields and uncertainty over the US-Iran war. Spot gold was trading around $4,185 an ounce, down more than 2%, while the US 10-year Treasury yield rose to about 5.22%, putting further pressure on non-yielding asset. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
document fetched 2026-09-29 03:00