Silver drops over Rs 4,000/kg, gold falls to Rs 1.56 lakh as rising oil prices dent rate cut bets. Check key levels to track today

March 16, 2026

Gold and silver opened sharply lower on MCX Monday as soaring energy prices dampened hopes of near-term U.S. rate cuts. MCX April gold fell Rs 1,811 to Rs 1,56,655/10g, while May silver dropped Rs 4,335 to Rs 2,55,101/kg. Rising oil prices and inflation are keeping precious metals under pressure, with futures expected to weaken further amid geopolitical uncertainty.

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