Gold falls nearly 2% on MCX, silver drops almost Rs 19k per kg: What's behind this fall?

Rates of precious metals in futures are under pressure on Friday, May 15, 2026, amid profit booking and elevated US bond yields. The gold June 5 contract on the Multi Commodity Exchange (MCX) opened with a drop of Rs 1,188 or 0.73 per cent at Rs 1,60,790 per 10 grams against the previous close of Rs 1,61,978. It continued the downward trend to touch an intraday low of Rs 1,58,851, a drop of Rs 3,127 or 1.93 per cent. Last seen, it was trading at Rs 1,59,370, down Rs 2,608 or 1.61 per cent. In between, it touched the intraday high of Rs 1,60,992.