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MCX Silver flat amid firm dollar as US–Iran news caps losses; Shanghai silver slips 3% after week-long holiday

On February 24, both gold and silver prices experienced declines due to a stronger US dollar and ongoing geopolitical tensions involving the US and Iran. Despite these losses, uncertainty surrounding US tariff policies limited the extent of the declines in precious metals. Silver prices on the MCX fell by approximately 0.8%, while gold dropped by 0.6% from the previous day's highs.

MCX Silver flat amid firm dollar as US–Iran news caps losses; Shanghai silver slips 3% after week-long holiday

Credit: Livemint

Key Highlights

  • MCX silver price fell 0.8% to ₹2,63,183 per kg.
  • MCX gold price dropped 0.6% to ₹1,60,615 per 10 grams.
  • Spot silver declined 3.1% to $85.50 an ounce.
  • Gold and silver prices snapped a four-day winning streak.
  • Shanghai silver prices declined over 3% after reopening post-Lunar New Year.
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Sources

  1. MCX Silver flat amid firm dollar as US–Iran news caps losses; Shanghai silver slips 3% after week-long holiday
  2. Gold rate drops on MCX amid a stronger dollar; US-Iran tensions, tariff uncertainty limit losses
  3. Gold, Silver Rates Today LIVE: Gold snaps 4-day winning run, silver flat — Shanghai Gold Exchange to lower margin rate
  4. Gold, silver rates today: Gold price above $5,200/oz, silver trades flat — how to trade as the China market opens today?

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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