Gold slips below ₹1.50 lakh on US-Iran impasse; silver tumbles too - business-standard.com

AI desk brief

Gold and silver sold off sharply on Sept. 28 as an impasse in US-Iran talks kept crude elevated and reinforced expectations the Fed may need to raise rates further. Comex gold fell to around $4,230/oz, a seven-week low, while silver slipped below $62.50/oz.

On the MCX, the October gold contract opened ₹751 lower at ₹1,50,100/10g versus a prior close of ₹1,50,851, then traded down ₹2,781 at ₹1,48,100. Silver futures also dropped below ₹2.30 lakh/kg, with domestic gold slipping back under the ₹1.50 lakh mark.