Gold and Silver Prices Today: Gold slips at Rs 1,01,475, silver gains at Rs 1,16,722; check out city-wise rates

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Gold prices eased on Thursday while silver extended gains, reflecting cautious investor sentiment ahead of key US economic data. On the Multi Commodity Exchange (MCX), October gold futures slipped by Rs 67 or 0.07 per cent to Rs 1,01,475 per 10 grams. In contrast, September silver futures rose Rs 625 or 0.54 per cent to Rs 1,16,722 per kilogram.

In the international market, spot gold fell 0.2 per cent to $3,389.73 per ounce after touching its highest level since August 11. US gold futures for December delivery eased 0.1 per cent to $3,445.20. Analysts said profit booking and anticipation of Friday’s U.S. Personal Consumption Expenditures (PCE) Price Index kept gold prices subdued.

Kyle Rodda, financial market analyst at Capital.com, noted: “We are still bullish on gold, but a clear push above $3,400 will depend on the PCE data. Fundamentals remain strong.”

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Manoj Jain, Head of Commodity and Currency Research at Prithvi Finmart, highlighted that weakness in the rupee is supporting domestic prices. “Gold is sustaining above $3,400 per ounce and may test $3,450, while silver could move towards the $40 mark. Domestic volatility is likely amid fluctuations in the dollar index, rupee, and global cues,” he said.

Jain added that on MCX, gold has support at Rs 1,01,200–1,00,720 and resistance at Rs 1,01,850–1,02,200, while silver has support at Rs 1,15,115–1,14,400 and resistance at Rs 1,16,650–1,17,400.

Currency movements also played a role in shaping metal trends. The dollar index slipped to 98.10, while the rupee weakened further against the US dollar due to selling pressure in domestic equities and trade tariff concerns.

Analysts expect both gold and silver to remain volatile this week as investors track US inflation data, rupee movements, dollar index fluctuations, and geopolitical developments.