Gold, silver slide in global markets: What is weighing on prices - CNBC TV18

AI desk brief

Gold and silver fell globally as West Asia tensions lifted crude, stoking inflation concerns and complicating the interest-rate outlook. COMEX gold was last at $4,129.60/oz, down $20.40 (-0.49%), while silver fell to $57.045/oz, down $0.665 (-1.15%); Brent rose 1.2% to $110.11/bbl and WTI gained 1% to $98.12/bbl.\n\nThe article says higher oil can weigh on precious metals by raising inflation pressure and reducing expectations for easier policy, though geopolitical risk, the dollar and Treasury yields remain competing drivers. In India, gold 99.9% purity fell ₹1,300 to ₹1.49 lakh/10g and silver dropped ₹1,600 to ₹2.13 lakh/kg, with a stronger rupee at 94.43 per USD adding to the downside for local buyers.