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MCX Gold and Silver Prices Dip as Dollar Gains Strength
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Gold, Silver Dip on MCX as Strong Dollar, Geopolitical Tensions Weigh
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CNBC TV18
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12-03-2026, 11:42
Gold, Silver Dip on MCX as Strong Dollar, Geopolitical Tensions Weigh
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Gold futures fell 0.26% to ₹1.61 lakh/10g, while silver declined 0.63% to ₹2.67 lakh/kg on MCX.
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Prices were pressured by a stronger US dollar, making dollar-denominated commodities more expensive for other currency holders.
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Rising oil prices due to Iran tensions and Strait of Hormuz disruptions fueled inflation concerns, curbing interest rate cut expectations.
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Experts note gold is consolidating, balancing geopolitical uncertainty (boosting demand) with macroeconomic factors (limiting gains).
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Despite short-term fluctuations, long-term demand for gold remains strong, supported by central bank buying and its role as a portfolio diversifier.
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