Gold, Silver rates crash: What happened with precious metal rates? What didn't go in favour and brought them down? - Livemint

AI desk brief

Gold and silver sold off sharply on Friday as hawkish Fed commentary, firmer energy prices and revived expectations of a December hike lifted real-rate pressure on non-yielding metals. MCX gold fell ₹4,347 to ₹1,38,419/10g and silver dropped ₹10,577 to ₹1,78,900/kg, while overseas spot gold slid 4% to $3,875.55/oz and spot silver fell 6% to $49.12/oz.

The report also cites AI-led equity weakness and possible cash liquidation in China as additional drag, with silver hit harder due to its industrial-demand exposure. Offset factors include expected Indian festive/wedding buying in November and continued central bank purchases, but near-term tone remains heavy after gold hit its lowest since late March and silver its biggest monthly fall of 2026.