Gold, silver prices rebound on MCX: Key factors to watch next - CNBC TV18

AI desk brief

Gold and silver rebounded on MCX and in global trade as falling US Treasury yields, a softer dollar and ongoing ETF/central bank demand outweighed lingering inflation and Fed-rate uncertainty. December gold rose ₹1,690 to ₹1.51 lakh/10g and December silver gained ₹3,626 to ₹2.24 lakh/kg; internationally, gold was up 1.43% at $4,191.51/oz and silver 2.16% at $60.44/oz.

Near-term levels to watch are $4,100/oz support in gold, with resistance at $4,220 and then $4,300, while silver support is seen at ₹2.19-2.20 lakh/kg and first resistance at ₹2.24 lakh/kg. The article flags a 30-year US Treasury auction that pulled long-end yields lower, softer oil prices easing inflation pressure, global gold ETF holdings up 0.3% on the week, and upcoming US CPI data on Oct. 14 as the key catalyst for whether the rebound extends.