\n
\n<\/p>\n
In domestic trading, silver futures for July 2026 delivery dropped Rs 5,537, or 2.23%, to Rs 2,43,000 per kilogram. Gold futures for August 2026 delivery fell Rs 1,792, or 1.15%, to Rs 1,53,802 per 10 grams. The weakness followed heavy losses in the previous session, when silver tumbled nearly 7% and gold declined by more than 2%.<\/p>\n
Market sentiment was also influenced by fresh developments in West Asia. According to a report by Axios, US President Donald Trump said on Sunday that he intended to urge Israeli Prime Minister Benjamin Netanyahu to avoid retaliatory action after Iran launched multiple missiles at Israeli targets. The strikes were reportedly carried out in response to an attack near Beirut.<\/p>\n
While gold is often viewed as a preferred refuge during periods of inflation and uncertainty, higher interest rates can reduce its attractiveness because the metal does not generate any yield. Investors are increasingly weighing the possibility of tighter monetary policy in the United States, with market expectations pointing towards a potential Federal Reserve rate increase before year-end.<\/p>\n
Data from CME Group’s FedWatch tool currently suggests a 51% probability that the US central bank could raise rates by December, a factor that continues to influence sentiment across precious metals markets.<\/p>\n<\/div>\n