Gold, silver rebound after sharp losses as crude oil prices soften - Business Standard

AI desk brief

Gold and silver recovered on Monday after sharp losses last week, with traders attributing the bounce to softer crude oil prices and easing inflation concerns. Comex gold was trading near $4,000/oz and silver near $50/oz; on the MCX, December gold opened ₹518 higher at ₹1,39,003/10g versus a prior close of ₹1,38,485, then eased to around ₹1,38,733.

The piece frames the move as an inflation-driven reaction rather than a fresh metals-specific catalyst. The reported earlier-year high for gold was ₹1,80,779/10g.