Gold, silver open trade 1% lower on MCX
Gold and silver prices fell in early trade on March 9, as the escalating US-Israel-Iran conflict drove up oil prices and strengthened the dollar.
The domestic gold futures on MCX opened the Monday session 0.83 percent lower at Rs 1,60,293 per 10 grams of 24-carat purity, while silver declined 1 percent to Rs 2,65,590 per kilogram. The international spot gold was trading 1.70 percent lower at $5,071.20 per ounce from the previous close during the early trade. Comex silver spot fell 4.25 percent at $80.89 per ounce during the early trade on Comex.