Gold, silver prices today: Why US yields and dollar remain key for bullion - CNBC TV18

AI desk brief

Gold was little changed while silver slipped as elevated US Treasury yields and a firm dollar kept pressure on bullion, even as softer US jobs data trimmed expectations of an October Fed hike. COMEX gold traded at $4,159.40/oz (+0.06%) and spot gold was $4,141.31/oz; silver was at $61.10/oz (-0.33%).

Market participants are watching Friday’s US jobs report, Fed commentary and the RBI’s Oct. 7 policy decision for the next catalyst. Support cited by local market participants sits around $4,110/oz for gold, then $4,000/oz, while festive-season physical demand and continued central-bank buying were flagged as potential support later in October. New Delhi domestic gold was unchanged at ₹1.49 lakh/10g and silver at ₹2.27 lakh/kg amid subdued jeweller demand.