Gold, Silver Rate Today Live Updates: Gold rebounds above $4,010 as easing oil prices offer relief ahead of F
Gold and silver prices face another crucial week, with rising oil prices and the US Federal Reserve's upcoming policy decision likely to shape their
Gold falls 4% in global markets, briefly dips below $4,000 Comex gold futures for December delivery declined $173.20, or 4.14%, over the past week to settle at $4,007.90 per ounce. Prices briefly fell to $3,989 on Friday before recovering above the $4,000 mark, as rising bond yields and a stronger dollar weighed on bullion..Silver slid over 7%, slips below Rs 2 lakh per kg Silver futures on the MCX suffered a sharper weekly decline last week, shedding Rs 15,087, or 7.14%, to settle at around Rs 1.96 lakh per kg. Analysts attributed the fall to pressure across precious and industrial metals, alongside concerns that high prices could encourage industries to reduce silver use or explore alternatives..Gold futures fell nearly 4% in a week on MCX Gold futures for December delivery on the Multi Commodity Exchange (MCX) fell Rs 5,768, or nearly 4%, over the past week to close at around Rs 1.42 lakh per 10 grams. Elevated US Treasury yields and a stronger dollar have weighed on the yellow metal, limiting attempts at a recovery..Gold, silver face fresh pressure as oil surge revives inflation fears Gold and silver could face further selling pressure this week as rising crude oil prices fuel inflation concerns and strengthen expectations of higher-for-longer interest rates. Investors will watch the US Federal Reserve's October 27-28 meeting for clues on the outlook for borrowing costs, with analysts warning that the outcome could determine whether bullion stabilises or extends its decline..Vietnam gold prices: SJC gold at 138.7-141.7 million dong per tael Indicative prices for SJC gold, quoted by state-owned Saigon Jewelry Co, stood at 138.7 million-141.7 million dong per tael in Hanoi. One tael is equivalent to 37.5 grams, or 1.21 troy ounces. .Silver Rate Today: Silver edges higher, trades around $54 per ounce Silver prices rose 0.2% to $54 per ounce, bucking the marginal decline in gold as investors assessed the outlook for US interest rates ahead of the Federal Reserve's policy meeting this week. Among other precious metals, platinum fell 0.1% to $1,549.42 per ounce, while palladium gained 0.4% to $1,047.90. .Gold hovers near three-month low ahead of Fed policy meeting Gold prices fell 0.2% to $3,987.45 per ounce, hovering near a three-month low as investors awaited the US Federal Reserve's policy meeting and key inflation data for clues on the interest rate outlook. Bullion recorded a 4% weekly decline last week, its steepest fall since June, as elevated energy prices fuelled expectations of higher-for-longer interest rates.
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