Quote on Gold and Silver by Ashish Rajodiya, Head of Commodities, PL Capital
Below the Quote on Gold and Silver by Ashish Rajodiya, Head of Commodities, PL Capital
“Gold and silver are firmer on Monday, with MCX gold near Rs 1,48,250 per 10 grams, up Rs 332, and MCX silver at Rs 2,11,800 per kg, up Rs 613 or 0.29%, while spot gold holds around $4,178 an ounce. Softer crude is easing inflation worries, and an AI-linked equity selloff has pulled Treasury yields lower, which together are giving bullion some room after last week’s volatility. Markets now price a Fed hold at the October 27–28 meeting as the clear base case, so the focus shifts to the tone of the statement and the next round of inflation data. If crude keeps softening and yields stay lower, gold and silver could extend their recovery, while a renewed oil spike or a hawkish signal from the Fed would put the gains at risk.”
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