News by CNBC TV18 on TradingView, 2026-09-01 — cnbctv:83c716d24094b:0 - TradingView

AI desk brief

Gold slipped on MCX while silver outperformed in a mixed start to September: October gold fell ₹208 to ₹1.54 lakh/10g and December silver rose ₹456 to ₹2.40 lakh/kg. In global trade, gold eased 0.12% to $4,432.26/oz and silver fell 0.17% to $66.46/oz, with gold hit by weaker spot demand and recent profit-taking after a sharp correction.

Market participants are watching US labour data, especially ADP and Friday’s non-farm payrolls, for clues on the Fed’s September decision. Lemonn’s Gaurav Garg said gold is being supported by safe-haven demand and dollar moves, but the metal has been pressured by the recent policy repricing. Aspect Bullion & Refinery’s Darshan Desai also flagged a stronger dollar, shifting rate expectations and profit-booking as the main drivers behind August’s pullback.

Near term, the key risk is a stronger-than-expected US jobs backdrop, which could lift yields and the dollar and keep bullion under pressure. A softer labour print would likely revive easing expectations and support both gold and silver. Desai said the correction may also encourage renewed physical buying in India ahead of the festive season, keeping the medium-term backdrop constructive despite elevated volatility.