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on July 16, 2026 at 9:07 am Gold and silver prices drop on MCX as escalating Middle East conflict strengthens US Fed rate hike expectations​

Gold and silver prices dropped on MCX as the escalating Middle East conflict fuelled expectations of a US Fed rate hike. MCX gold August futures and MCX silver September futures declined by up to half a per cent to ₹1,41,301 per 10 grams and ₹2,19,650 per kg, respectively, in morning deals.

Gold and silver prices dropped on MCX as the escalating Middle East conflict fuelled expectations of a US Fed rate hike. MCX gold August futures and MCX silver September futures declined by up to half a per cent to ₹1,41,301 per 10 grams and ₹2,19,650 per kg, respectively, in morning deals.

on July 16, 2026 at 9:07 am Rupee opens flat at 96.25 against US dollar​

The Indian rupee opened at 96.25 against the US dollar on July 16, pressured by high crude oil prices and weak market sentiment. It has declined 1.7% this month, facing geopolitical tensions and slowing foreign capital inflows, impacting its outlook and raising inflation concerns.

The Indian rupee opened at 96.25 against the US dollar on July 16, pressured by high crude oil prices and weak market sentiment. It has declined 1.7% this month, facing geopolitical tensions and slowing foreign capital inflows, impacting its outlook and raising inflation concerns.