Gold, silver rebound in global trade: What investors should watch next - CNBC TV18

AI desk brief

Gold and silver rebounded in overseas trade on Oct. 16, with COMEX gold at $4,177.50/oz (+0.18%) and silver at $57.430/oz (+0.48%) after earlier-week losses. The move was supported by safe-haven demand from West Asian tensions, but near-term direction still looks tied to US inflation prints and Fed rate expectations, which remain the bigger driver through yields and the dollar.

On the domestic side, Indian prices stayed weak: gold fell ₹900 to ₹1.49 lakh/10g and silver dropped ₹6,000 to ₹2.15 lakh/kg as a stronger rupee and subdued physical demand offset the overseas bounce. Traders are watching gold support around $4,055 and resistance near $4,280, while silver support is seen around $55-$56 with $58.50-$58.95 as upside markers; a hotter US inflation read would likely pressure metals, while softer data and sustained geopolitical risk would be supportive.