Gold hits one-year low, silver slips below $50 as inflation fears bite - The Times of India

AI desk brief

Gold fell 2.7% to $3,910.53/oz, its lowest since Oct. 2025, while silver slid 5.8% to $49.34/oz, breaking below $50 for the first time since Nov. 2025. The move was driven by renewed inflation concerns, higher energy prices and expectations that US rates could stay higher for longer, with December Fed hike odds gaining after September CPI accelerated.

Bullion is now down 5.9% this month and on track for a second straight monthly decline. Platinum and palladium also weakened sharply, while weak physical buying in Asia and muted Chinese demand offered little support; Commerzbank said the sell-off may be exaggerated and expects a recovery.