The Economic Times

Gold prices fall Rs 2,000/10 gram, silver dips Rs 4,600/kg as US Fed hikes rate after 3 years. Time to sell?

Gold and silver prices fell sharply on the MCX on Thursday after the US Federal Reserve raised interest rates and signalled further tightening. Easing oil supply concerns also weighed on bullion sentiment, as higher rates make non-yielding assets less attractive.