Silver tumbles below ₹9,400 as gold prices slip on US inflation data

Gold and silver prices came under significant pressure in late Thursday trading as international markets reacted to fresh US inflation data. On the Multi Commodity Exchange, silver contracted sharply, breaking through the ₹9,400 per kilogram level within hours as sentiment shifted across global commodity markets.

The decline in precious metal valuations followed the publication of US Consumer Price Index figures, which influenced investor positioning in commodities traditionally seen as inflation hedges. The data prompted a reassessment of monetary policy expectations, triggering broader selloffs in precious metals traded on Indian exchanges.

Silver bore the brunt of the selling pressure, with the metal accelerating lower as each hour progressed through the evening session. Gold also witnessed notable losses, though silver's percentage decline outpaced the yellow metal. Traders pointed to the shift in macroeconomic sentiment as the primary driver behind the sharp downward movement in both metals.

The pullback in precious metals reflects broader market volatility linked to inflation concerns and potential implications for central bank policy across major economies. Indian investors closely monitor both domestic and international gold and silver markets, as price movements on the MCX typically track global trends while incorporating local demand factors and currency fluctuations.