Gold, silver fall as Iranian missiles reported at US warship
NewsBytes | May 4, 2026 8:39 PM CST
COMEX silver slides nearly 5%
Silver didn't escape the chaos: COMEX silver slid nearly 5% to $72.60 per ounce while MCX silver dropped over ₹6,200 per kilogram to under ₹245,000.
Experts say bullion prices could stay jumpy thanks to ongoing geopolitical stress and higher energy costs.
SEBI-registered market expert Anuj Gupta expects gold to hover between $4,500 and $4,600 per ounce and silver in the $68 to $78 per ounce range for now.
A stronger petrodollar and hawkish Fed expectations are adding even more pressure on precious metals.
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