Silver price today down 1% to Rs.2.43 lakh as bond yields rise, Fed rate hike fears return despite Israel-Iran ceasefire
Silver rate today, June 9 -- Silver prices edged lower to Rs.2.43 lakh per kg on MCX on Tuesday as rising US Treasury yields and growing expectations of Federal Reserve rate hikes overshadowed easing geopolitical tensions in the Middle East. Investors remained cautious ahead of key US inflation data, while stronger-than-expected economic indicators reinforced bets that the Fed could keep interest rates higher for longer, a negative for non-yielding assets such as silver.
MCX Silver price slipped 1% to Rs.2,43,932 per kg, while MCX Gold rate was muted, down 0.25% to Rs.1,54,396 per 10 grams.
Spot silver slipped 0.7% to $67.71 per ounce, while spot gold was little changed at $4,332.50 per ounce as of 0222 GMT. In the previous trading sess...
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