Commodities
Silver Prices Tumble Amid Geopolitical Uncertainty
Silver prices plummeted by 0.95% to ₹2,39,317 as investors weighed in on developments surrounding the Middle East crisis and its potential impact on inflation and monetary policy.
US President Donald Trump stated that he was 'in deciding mode' over the Iran war, maintaining a high level of geopolitical risk premium, while expectations of further Federal Reserve tightening continued to weigh down precious metals.
The Fed's latest projections indicated one more rate increase this year, with markets pricing around a 53% probability of an October hike. However, easing US bond yields from multi-year highs could limit further strength in the dollar and provide some support to silver.