Silver prices fall 1% ahead of Fed minutes, as US bond yields rise; hopes of easing US-Iran tensions cap losses
Silver rate today, May 20 -- Silver prices in India moved lower on Wednesday as investors were on edge against rising US bond yields, elevated crude oil prices, and uncertainty surrounding the Federal Reserve's interest rate outlook. However, easing concerns over the United States-Iran conflict kepts the decline capped.
Market participants also remained cautious ahead of the release of the minutes from the US Fed's April policy meeting later in the day, which could provide fresh cues on the central bank's stance on inflation and future rate cuts.
MCX silver declined 1% to Rs.2,67,230 per kg, while MCX Gold fell 0.67% to Rs.1,57,959 per 10 grams
However, globally, Spot silver rose 1% to $74.55 per ounce, while spot gold gained 0.4% to $...
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