Gold, silver prices: What is weighing on precious metals and what investors should watch - CNBC TV18

AI desk brief

Gold and silver are under pressure, with COMEX gold down 0.31% to $4,174.30/oz and COMEX silver off 0.47% to $61.30/oz. The main headwinds are a stronger US dollar and elevated Treasury yields, though softer-than-expected US jobs data has tempered October Fed hike expectations and offered some support.

Technically, silver has already hit the cited $60/oz target and now has $57/oz in view, while gold needs to hold $4,100/oz to avoid a move toward $4,000/oz. Domestic Indian demand is also subdued, with gold down ₹200 to ₹1.49 lakh per 10g and Pitru Paksha cited as a demand drag; traders are watching the dollar, yields, Fed path and West Asia risks as the next catalysts.