MCX gold August futures slide 0.77% to Rs 1,41,280 per 10 grams; silver September falls Rs 4,116

Gold and silver weakened as Fed rhetoric re-centered markets on the risk of further tightening, with officials noting policy may not be sufficiently restraining growth and could require additional hikes to curb inflation. This lifts real-rate expectations and pressures non-yielding metals, outweighing limited geopolitical support as US-Iran talks have not materially increased risk premia despite lingering Strait of Hormuz uncertainty.