Gold, silver extend losses as US inflation concerns weigh on rate-cut hopes - Business Standard

AI desk brief

Gold and silver extended losses as persistent US inflation worries lifted expectations that policy could stay tighter for longer, prompting fresh selling across the metals. At the time of writing, Comex gold was near $4,000/oz and silver near $51.30/oz, while MCX gold was around ₹1,41,792/10 gm and MCX silver around ₹1,86,750/kg.

The MCX December gold contract opened ₹371 lower at ₹1,42,225/10 gm versus the previous close of ₹1,42,596, then fell further through the session. The move leaves the market focused on the inflation/rates channel as the key near-term driver for bullion.