COMEX gold, silver rates rise up to 1.4%: Key levels to watch - CNBC TV18

AI desk brief

COMEX gold jumped 1.39% to $4,165.10/oz and silver rose 0.78% to $56.315/oz as traders reassessed the Fed path after September CPI came in hotter than expected. The inflation surprise is driving a tighter-for-longer rates narrative, even as equities sold off and investors await PPI, retail sales and Fed commentary for the next cue.

For India, the move could lend near-term support to domestic bullion after Wednesday’s pullback, when New Delhi gold fell ₹1,800 to ₹1.50 lakh/10g and silver dropped ₹5,000 to ₹2.21 lakh/kg. Rupee strength, import costs, taxes and local demand remain key offsets, but the dollar/rates backdrop is now the main watchpoint.