Gold, silver prices rebound as crude oil prices fall on supply boost - Business Standard

AI desk brief

Gold and silver futures opened higher on MCX and Comex as falling crude oil prices and softer U.S. rate expectations supported bullion. Comex gold was near $4,215/oz and silver near $61.50/oz; MCX December gold opened ₹1,087 higher at ₹1,49,910/10g before trading around ₹1,49,824, versus the previous close of ₹1,48,823.

The move was tied to a sharp decline in oil prices after improved energy supplies from West Asia and another large U.S. emergency reserve release, which eased inflation and rate-pressure concerns. Near term, the setup is supportive for metals if lower energy keeps real-yield expectations contained.