Gold, Silver Bounce Back After Sharp Sell-Off, But Yellow Metal Near 3-Month Low | Business - Ommcom News

AI desk brief

Gold and silver bounced on low-level buying after a sharp sell-off, but the yellow metal remains near a three-month low. MCX December gold opened Rs 277 higher at Rs 1,42,301/10g, traded up to Rs 1,42,888 before easing to Rs 1,42,500, while silver December opened at Rs 1,96,257/kg, touched Rs 1,97,186, and then slipped back to Rs 1,95,572. Market participants said gold is still range-bound after last week’s nearly 4% drop and needs a reclaim of Rs 1,43,000-1,43,700 to stabilise, with support at Rs 1,40,000-1,41,000.