Gold, silver prices steady: Why the two metals are telling different stories - cnbctv18.com

AI desk brief

Gold and silver were mixed on MCX on Tuesday, with October gold at ₹1.53 lakh/10g (+0.14%) and December silver at ₹2.38 lakh/kg (-0.08%), while international gold held near $4,434/oz and silver near $66.95/oz. The move was supported by a softer US dollar and expectations around US monetary policy ahead of PPI/CPI releases.

Monarch PMS said gold remains above its fair-value midpoint of $3,922/oz within a $3,248-$4,595 range, after peaking at $5,589/oz in January and retracing toward fair value in June. Silver looks cheaper by comparison: the firm’s $54-$77/oz range has a midpoint of $65, while silver was cited near $61.7/oz, with the gold-silver ratio back near 69:1 from January’s 46. Traders are watching MCX silver support at ₹2.36 lakh/kg and resistance at ₹2.42 lakh/kg; for gold, $4,300-$4,500/oz remains the key technical band.