Gold price rises ₹586 on buying at lower levels; silver gains ₹245 - Business Standard

AI desk brief

Gold and silver recovered on Thursday after recent weakness, with buying at lower levels lifting both metals even as the market still eyes further US Fed rate hikes. Comex gold was up $16.50 at $4,157.20/oz and silver rose $0.08 to $60.37/oz, while MCX December gold opened ₹586 higher at ₹1,49,689/10g and was last at ₹1,49,620; domestic silver traded near ₹2,23,900/kg.

The rebound suggests dip-buying is still active despite the higher-rate backdrop that had pressured prices in prior sessions. Near term, the key risk remains whether Fed tightening expectations reassert and cap follow-through above the current highs.