Silver dips Rs 3,800/kg, gold at Rs 1.58 lakh/10 gms after US attacks southern Iran in fresh strikes. Should you sell?

May 26, 2026

Gold and silver prices on the MCX opened lower on Tuesday as renewed U.S. strikes in Iran pushed oil prices higher, fueling concerns over sticky inflation and prolonged elevated interest rates. The weakness followed U.S. military strikes on targets in southern Iran, including missile launch sites and boats allegedly involved in laying mines, aimed at safeguarding American troops from Iranian threats.

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