Gold falls ₹965 after firm start, silver gains ₹923 as global prices rise - Business Standard

AI desk brief

Gold and silver were mixed after weak jobs data supported global metals, with COMEX gold near $4,170/oz and silver near $61.60/oz. On MCX, December gold opened ₹807 higher at ₹1,51,197/10g but later reversed to ₹1,49,425, down ₹965 from the previous close, while silver held gains at around ₹2,26,800/kg.

The piece points to a supportive macro backdrop for metals, but domestic gold pricing underperformed intraday despite the firmer global tone. Near-term direction will likely hinge on whether the weak U.S. labor signal extends rate-cut expectations enough to keep bullion bids intact.