Live: Gold & Silver Prices on March 5 – West Asia Conflict Impacts Bullion; Gold Dips 0.06% to Rs 1.61 Lakh on MCX, Silver Falls Over 1% to Rs 2.62 Lakh
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Gold, Silver Dip: West Asia Conflict Fuels Oil Prices, Dollar Demand
M
Moneycontrol•05-03-2026, 12:42
Gold, Silver Dip: West Asia Conflict Fuels Oil Prices, Dollar Demand
•Gold dips 0.06% to Rs 1,61,426 on MCX; silver falls over 1% to Rs 2.62 lakh.
•Prices declined from yesterday's peak due to profit booking, stronger dollar, and rising oil prices.
•West Asia conflict involving US-Israel-Iran drives oil prices and dollar demand, impacting bullions.
•Rupee weakened by 0.55% to 92.10 against USD, pressured by increased oil prices.
•Volatility expected to remain high due to ongoing Western Asia conflict and failed US-Iran nuclear talks, says Jateen Trivedi of LKP Securities.
