Gold Slid Despite the US-Iran Escalation, Rupee Opened 7 Paise Weaker at 95.88
Gold and silver fell after the weekend's US-Iran escalation, and Indian markets opened lower on 28 September. The rupee opened 7 paise weaker at 95.88 against the dollar. Brent crude traded around $107 a barrel. US 10-year yields sat near 5.20%. Those figures come from trader posts on X, not from any media report in this material. None of them has been independently confirmed. Treat them as what traders saw on their screens at the open, not as settled fact. The counterintuitive part is the metals. War usually pushes gold up. This time it didn't. "Both precious metals had other plans after this weekend's US-Iran war escalation," wrote @YuvrajShah02, an account with 15,103 followers, roughly two hours after the open. The same post says Indian markets "have also taken a hit today." That post is the event this article is about. Everything below comes either from it or from other trader posts published the same morning.
