Gold, silver rates today: Comex gold falls below $4,000, silver slips under $60 as hawkish Fed outlook boosts US dollar

Gold and silver prices slumped to multi-month lows as a hawkish US Federal Reserve outlook strengthened the dollar, with Comex gold falling below $4,000 to $3,980 (down 13% in June) and silver slipping under $60 to $58. On MCX, near-month gold futures fell around Rs 3,300 to trade at about Rs 1,40,928 per 10 grams, while silver futures plunged Rs 8,834 to an intraday low of Rs 2,17,000 per kg, down 17.60% month-to-date. Several major banks including Goldman Sachs and Deutsche Bank have revised down their gold forecasts, though central-bank demand remains a supportive factor.