Gold, silver rebound on buying at lower levels as crude oil softens - Business Standard

AI desk brief

Gold and silver rebounded on Thursday after the prior session’s sharp drop, with buying at lower levels and softer crude oil prices helping sentiment. Comex gold was near $4,168/oz and silver around $56/oz; on MCX, December gold opened ₹1,634 higher at ₹1,47,482/10g and was trading near ₹1,47,398, while silver was near ₹2,09,000/kg.

The piece suggests the near-term driver is tactical dip-buying rather than a fresh macro catalyst. Gold remains below its year-to-date peak cited in the article, but the recovery and easing energy prices are mildly supportive for precious metals.