Gold, silver prices fall on MCX: Why bullion is under pressure - CNBC TV18

AI desk brief

Gold and silver fell on MCX as firmer dollar, U.S. Treasury yields near 5% and rising Fed hawkishness pressure non-yielding metals. October gold eased ₹530 to ₹1.50 lakh/10g and December silver lost ₹1,411 to ₹2.31 lakh/kg; globally, gold traded at $4,290.06/oz and silver at $63.05/oz, with spot gold cited around $4,266/oz and at a five-week low after topping $4,700 in late August.

The near-term focus is the Fed decision, with higher crude prices after attacks on Saudi energy infrastructure adding to inflation concerns and supporting yields. Speakers said the pullback looks more like a correction than a trend break: ₹1.50 lakh/10g in gold and ₹2.30 lakh/kg in silver are key support areas, while any moderation in rate expectations could quickly revive buying; physical demand, festive-season buying and geopolitical uncertainty may cushion dips.