5/6/2026, 4:49:01 pm

Gold prices drop 1%, silver falls 2% on rate fears

Gold fell 1% to ₹1,58,213 and silver dropped 2% on June 5, 2026, due to Fed "higher-for-longer" rate signals and inflationary fears from the US-Iran conflict, driving investors from non-yielding precious metals to the dollar and bonds, resulting in short-term market movements influenced by Non-Farm Payroll data.