Gold falls ₹182 on MCX, trading near ₹1,53,650; silver declines ₹907 - Business Standard

AI desk brief

Gold and silver opened lower on MCX and Comex as rising crude oil prices stoked inflation concerns and expectations of higher interest rates, a near-term headwind for precious metals. MCX October gold opened at ₹1,53,581/10g, down ₹182 from the prior close of ₹1,53,763, and was last at ₹1,53,650, down ₹113, after trading between ₹1,53,581 and ₹1,53,838. Silver futures were around ₹2,43,100/kg on MCX and about $68/oz on Comex.

In global trade, Comex gold was quoted near $4,460/oz, last at $4,458.90, down $1.80 from the previous close. The piece notes that inflation-hedge demand for gold remains intact despite the rate-sensitive pressure from firmer energy prices.