Gold, silver prices: What is driving volatility in bullion markets - CNBC TV18

AI desk brief

Gold and silver edged higher on Friday but remain under weekly pressure as a stronger dollar, US Treasury yields above 5%, and expectations for higher-for-longer Fed rates weigh on bullion. MCX October gold rose ₹150 to ₹1.50 lakh/10g and December silver gained ₹368 to ₹2.33 lakh/kg; overseas gold was up 0.01% at $4,275.38/oz and silver up 0.02% at $63.80/oz.

Traders said the next key catalysts are US rate expectations, Treasury yields, the dollar and geopolitical risk, with elevated crude prices also seen as an inflationary risk. Indian physical demand is described as steady but cautious, with buyers selective at current price levels and the weaker rupee cushioning domestic prices even as it raises import costs.