Gold, silver prices fall on expectations of tighter monetary policy - Business Standard

AI desk brief

Gold and silver futures fell as higher US bond yields and a stronger dollar pressured the complex, with markets pricing a 73% chance of a Federal Reserve rate hike in December. Comex gold traded near $3,960/oz and silver near $50/oz, while MCX December gold opened ₹766 lower at ₹1,39,420/10g versus a prior close of ₹1,40,186 and was later down ₹1,018 at ₹1,39,168.

The move is a straightforward rates channel story: firmer monetary-tightening expectations are raising real-yield pressure and weighing on bullion. Near term, the key catalyst remains whether US rate expectations continue to firm or start to unwind.