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Gold and silver futures opened higher on MCX and Comex as easing crude oil prices and shifting US rate expectations provided some support to bullion
Gold and silver prices extended losses on MCX as higher oil prices fuelled inflation concerns and raised expectations of further Fed rate hikes. Analysts expect near-term pressure on precious metals, while investors await clarity on US-Iran peace talks.
UAE gold prices drop as 24-karat falls below AED 500 per gram, with 22K, 21K and 18K also down; silver declines to AED 7.16 per gram amid weak global markets