Gold prices fall Rs 3,500/10 gram in 2 days, silver down Rs 8,700/kg as oil hits $100 again. Time to sell precious metals?

Gold and silver prices fell for a second straight session on the MCX as Brent crude climbed above $100 a barrel, stoking inflation concerns and boosting expectations that global interest rates could stay higher for longer. Investors also awaited next week’s Federal Reserve policy decision.