Gold, silver rates today: Comex gold and silver extend losses for third straight day as Fed rate-hike bets rise

Gold and silver prices declined for a third straight session as expectations of a US Federal Reserve rate hike strengthened, boosting the US Dollar Index to a 14-month high of 101.3. Comex gold fell $94 to an intraday low of $4,108 per troy ounce, while silver dropped $4.05 to $61.53, its lowest since late March. On MCX, near-month gold futures fell to around ₹1,45,510 per 10 grams and silver plunged to ₹2,25,666 per kg, with silver down 15% month-to-date and correcting nearly 50% from its record high of ₹4,57,328.