Gold, silver prices recover after sharp fall on buying at lower levels - Business Standard

AI desk brief

Gold and silver staged a rebound on Oct. 26 as buying emerged after last week’s sharp sell-off, but both metals remained under pressure: gold was still near a three-month low and silver stayed below ₹2 lakh/kg. On Comex, gold was around $4,025/oz and silver near $54.30/oz; on MCX, December gold was quoted near ₹1,42,450/10g and silver near ₹1,96,350/kg.

MCX December gold opened ₹277 higher at ₹1,42,301/10g versus the previous close of ₹1,42,024, and was later up ₹416 at ₹1,42,440. The move looks like a technical short-covering/lower-level buying bounce rather than a trend reversal.