Gold, silver fall on concerns over rising crude oil prices, interest rates - Business Standard

AI desk brief

Gold and silver fell as rising crude oil prices revived inflation and rate-hike concerns, while US Treasury yields held near multi-decade highs on fiscal-risk worries. Comex gold was near $4,165/oz and silver near $60/oz; on MCX, December gold opened Rs 524 lower at Rs 1,49,596/10g versus a prior close of Rs 1,50,120 and was later down Rs 615 at Rs 1,49,505/10g.

The macro setup is bearish for metals near term: firmer energy prices are lifting inflation expectations and keeping real-yield pressure elevated. The report also notes gold had earlier touched Rs 1,80,779/10g this year, underscoring how far the market has retraced from peak levels.