Times of India·3 min read·medium

Gold, silver prices next week: What investors should watch amid global uncertainty

Y
YASHASVI VASISTHA
Gold, silver prices next week: What investors should watch amid global uncertainty
✦AI Summary

Gold and silver prices are expected to remain range-bound with a positive bias as investors monitor global inflation data and potential US interest rate changes. Domestic bullion prices in India are currently supported by the weakness of the rupee.

Why it matters

Precious metal fluctuations serve as a key indicator of investor sentiment and economic stability during periods of global uncertainty.

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Gold and silver prices are likely to remain range-bound with a mildly positive bias next week, as weakness in the rupee supports domestic bullion prices amid global fluctuations, analysts said.Investors will also track inflation data from India, China and the US for cues on the outlook for precious metals.Trade data from Beijing and speeches by Federal Reserve officials will be closely watched for indications of whether the US central bank will deliver another rate hike in October or defer it to December, analysts said, as cited by news agency PTI."The outlook remains range-bound with a mildly positive undertone, as rupee weakness provides a cushion against global price fluctuations," Jateen Trivedi, VP research analyst - commodity and currency at LKP Securities, said.Gold gains nearly 1% on MCX; silver ends lowerOn the Multi Commodity Exchange (MCX), gold futures for December delivery rose by Rs 1,109, or nearly 1 per cent, last week…

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