Mumbai, May 15 -- Spot silver traded around $79 per ounce during the session after a steep sell-off. The white metal had rallied close to the $90 mark on 13 May 2026 before retreating sharply due to profit booking.

Gold prices also remained under pressure, with spot gold falling 1.65% to $4,574.10 per ounce, its lowest level in nearly a week.

Precious metals weakened after stronger-than-expected US inflation data heightened expectations that interest rates could remain elevated for longer. US wholesale inflation recorded its fastest rise since 2022 in April, while consumer inflation saw its sharpest increase since 2023.

The higher inflation readings strengthened the US dollar and pushed benchmark 10-year Treasury yields near one-year h...