Why silver price is falling sharply today - The Financial Express

AI desk brief

Silver in India fell sharply on Friday, with MCX spot down 3.3% to Rs 1,84,035/kg and futures down 2.48% to Rs 1,84,750/kg as hotter US PCE inflation and stronger Q3 GDP reinforced expectations of higher-for-longer rates. The article says the US PCE price index rose 0.5% m/m in September, core PCE accelerated to 3.1% y/y, and markets are pricing roughly a 75% chance of a December Fed hike, a backdrop that is pressuring non-yielding metals.