Gold and Silver Rate Today: Precious Metal crash Explained - India Infoline

AI desk brief

Gold and silver sold off sharply as rising US Treasury yields, firmer dollar expectations and a higher probability of another Fed hike hit non-yielding metals. Spot gold fell about 1.5% to $4,223.95/oz and spot silver dropped 2.6% to $62.64/oz; MCX Gold Oct-26 fell ₹3,214 to ₹1,47,667/10g and MCX Silver Sep-26 declined ₹6,661 to ₹2,28,035/kg.

The article flags 10-year Treasury yields near 5.13% and 30-year yields around 5.44%, while CME FedWatch odds for a 25 bp October hike rose to 68.1% from 31.9%. Key levels cited: MCX Gold support at ₹1,50,150–₹1,49,600 then ₹1,48,000–₹1,46,000, with resistance at ₹1,51,400–₹1,52,000 and ₹1,52,500–₹1,55,000; MCX Silver support at ₹2,33,000–₹2,30,400 and resistance at ₹2,36,600–₹2,38,800.