Silver tanks Rs 5,600/kg, gold slips Rs 1,000/10g after drone strike on UAE nuclear plant amid Iran war fe
- Posted on May 18, 2026
- By Business News Today
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- 1 min read
Silver tanks Rs 5,600/kg, gold slips Rs 1,000/10g after drone strike on UAE nuclear plant amid Iran war fe
Gold and silver prices opened sharply lower on Monday, driven by escalating Middle East tensions that pushed oil prices higher and fueled inflation concerns. This surge in oil prices strengthened expectations that interest rates could remain elevated for longer, impacting bullion markets. Investors are closely watching for further clues on the U.S. Federal Reserve's monetary policy outlook.
