Silver Slumps as Oil Prices, Bond Yields Fuel Inflation Fears
Silver prices have dropped by 1.95% to ₹235,441 as rising crude oil and bond yields intensify concerns about inflation rates and tighter monetary policy. The global market is also experiencing a bond selloff, with European countries seeing a rise in sovereign borrowing costs.
This has put additional pressure on precious metals like silver. Meanwhile, geopolitical tensions remain high following recent military exchanges between the US and Iran, including President Donald Trump's threat to strike Iran 'hard'.
The market is now looking ahead to key events: Friday's US August payrolls report and consumer price data due September 11 will provide crucial clues for the Federal Reserve's interest-rate outlook. The European Central Bank is also expected to raise rates by 25 basis points at its meeting on September 9-10.