Gold, Silver Prices Crash Ahead Of Dhanteras: Silver Falls Nearly ₹4,000, What Should Investors Watch? - Business Today

AI desk brief

MCX gold and silver fell sharply ahead of Dhanteras, with December gold down ₹1,275 to ₹1,38,912/10g (-0.91%) and December silver down about ₹3,950 to ₹1,79,832/kg (-2.15%). The move was attributed to expectations that the Fed will keep rates elevated for longer, alongside higher crude prices stoking inflation concerns and limiting room for near-term rate cuts.

On levels, Amit Gupta of Kedia Advisory sees international gold support at $3,920/oz, with a break above that potentially opening $3,960; on MCX, gold needs to hold above ₹1,38,500 to target ₹1,40,000–₹1,41,500/10g. For silver, $49.20 is the key international support, while on MCX a sustained hold above ₹1,76,000 could allow a move toward ₹1,84,000–₹1,90,000/kg.