Gold, silver prices fall after US Fed rate hike

Gold and silver prices declined in early trade on Thursday after the US Federal Reserve raised its benchmark interest rate by 25 basis points and signalled another hike could follow this year. In the bullion market, 24K gold traded at ₹1.53 lakh per 10 grams and silver at ₹2.35 lakh per kg. Chennai had the highest gold price at ₹1,53,770, while Delhi had the lowest at ₹1,53,060 per 10 grams.