Today's gold and silver prices: Precious metals saw a drop on the MCX | Get the latest rates here

On Tuesday, March 15, 2022, both gold and silver are trading on the lower side of the Multi Commodity Exchange (MCX).

On the MCX, gold futures maturing on April 5, 2022, are retailing at Rs 52,080 per 10 kilos, a decline of Rs 363 or 0.69 percent.

Meanwhile, the price of silver futures expiring on May 5, 2022, was Rs 68,576 a kg, down 0.57 percent or Rs 395.

Notably, when the market closed on March 14, gold and silver were priced at Rs 52,304 per 10 grams and Rs 68,844 per kg, respectively.

Gold and silver prices on the worldwide market: According to Reuters, gold prices fell on Tuesday to their lowest in more than a week, as U.S. Treasury yields soared ahead of the Federal Reserve's expected rate hike. Furthermore, expectations for progress in Russia-Ukraine talks weakened the metal's safe-haven attractiveness.

According to the most recent metal report, spot gold was down 0.4 percent at $1,942.96 per ounce, after hitting a low of $1,940 earlier in the session. Meanwhile, gold futures in the United States slipped 0.5 percent to $1,951.20.

Notably, gold is particularly susceptible to rising US interest rates, increasing the potential cost of owning non-yielding bullion, according to news agency Reuters.

Gold and silver prices on the worldwide market: According to Reuters, gold prices fell on Tuesday to their lowest in more than a week, as U.S. Treasury yields soared ahead of the Federal Reserve's expected rate hike. Furthermore, expectations for progress in Russia-Ukraine talks weakened the metal's safe-haven attractiveness.

According to the most recent metal report, spot gold was down 0.4 percent at $1,942.96 per ounce, after hitting a low of $1,940 earlier in the session. Meanwhile, gold futures in the United States slipped 0.5 percent to $1,951.20.

Notably, gold is particularly susceptible to rising US interest rates, increasing the potential cost of owning non-yielding bullion, according to news agency Reuters.

Prices of gold and silver in major Indian cities: