Silver crashes ₹56000/kg from August peak; gold slides 23000/10 grams. What’s driving the selloff in precious metals

Silver has fallen ₹56,000 from its August peak, and gold has also declined sharply as higher yields reduce the appeal of non-yielding assets. Middle East tensions have pushed oil prices higher, adding to inflation concerns and uncertainty over the Federal Reserve’s next move.

Silver prices showed no signs of recovery as the white metal extended its losing streak in Friday’s trade, falling another ₹6,800 per kg to ₹1,92,800, its lowest level since December 2025. MCX gold prices were also down marginally, declining 0.29%, w... [3425 chars]