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Gold, Silver Prices Tumble as Robust Dollar Impacts Bullion Market
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Gold, Silver Prices Plunge as Stronger Dollar Dents Bullion Rally
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CNBC TV18
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24-02-2026, 08:43
Gold, Silver Prices Plunge as Stronger Dollar Dents Bullion Rally
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Spot gold declined 1.5% to $5,150 per ounce, while US gold futures slipped 1.1% to $5,171 an ounce.
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Silver prices dropped 3.1% to $85.50 per ounce, mirroring gold's decline.
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The stronger US dollar made greenback-denominated commodities more expensive, curbing demand.
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Geopolitical tensions (US-Iran) and trade uncertainty (Trump's tariff warnings) continue to provide underlying support for bullion.
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Experts advise treating gold as a hedge within a diversified portfolio, with staggered allocations.
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