Gold prices dip below Rs 1.50 lakh/10g; silver cracks Rs 20K/kg in 2 days amid strong dollar, inflation worries. Should you sell?

Gold and silver prices fell sharply in the Indian market, with MCX gold futures for August 2026 delivery declining by Rs 2,269 to Rs 1,49,309 per 10 grams, while silver futures for July 2026 delivery dropped 2.3 percent to Rs 2,32,201 per kg. Over two sessions, silver has corrected by about Rs 20,000 and gold by about Rs 7,000, driven by a strong US dollar and rising inflation concerns linked to the Iran conflict, with traders pricing in an 87 percent probability of a Federal Reserve rate hike in December.