Gold falls below $4,000, silver slips too: What's weighing on precious metal prices? - Business Today

AI desk brief

December gold futures fell 0.35% to $3,986.42/oz; silver slipped nearly 1% to $51.495/oz. October US headline and core CPI rose 0.4% and 0.3% month-on-month, above expectations; persistent inflation could constrain Fed easing and pressure bullion, though nominal rates alone do not establish real-yield direction. SS WealthStreet’s Sugandha Sachdeva sees MCX gold support/resistance at ₹137,000/₹144,500 per 10g and silver at ₹179,000/₹192,000 per kg, with a cautious-to-negative outlook. US PPI due November 13 and weekly jobless claims are the next catalysts: stronger PPI could renew selling, while softer data may allow a technical rebound.