Gold, silver prices fall on stronger dollar, sharp rise in US bond yields - Business Standard

AI desk brief

Gold and silver are under pressure as a stronger dollar and a sharp rise in US bond yields outweighed support from weak employment data. COMEX gold was near $4,150/oz and silver near $61/oz, while MCX gold was around ₹1,49,300/10g and silver around ₹2,25,600/kg.

On the MCX, the December gold contract opened ₹388 lower at ₹1,48,928/10g versus the prior close of ₹1,49,316, before trading about ₹150 lower at ₹1,49,166/10g. The piece flags rates and dollar strength as the immediate drag on metals, a bearish setup near term.