Gold, silver rally up to 2 pc as softer crude, US dollar support bullion - IANS LIVE

AI desk brief

• MCX gold rose 1.29% intraday to Rs 144,400/10g; silver gained 2.32% to Rs 189,399/kg. COMEX gold advanced around 1% to nearly $4,130 and silver around 2% to $53.10. Experts attributed support to softer crude and a retreating dollar, but warned elevated Treasury yields and December Fed hike expectations could limit gains.
• Experts put MCX gold resistance at Rs 145,300–146,000: a sustained move above Rs 146,000 could extend recovery; a decisive break below Rs 143,000 could bring further downside.
• For MCX silver, experts identified resistance at Rs 194,000–196,000/kg. A sustained move above Rs 196,000 could extend gains; a break below Rs 186,000 could trigger a retreat toward Rs 180,000.