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Bullion extends losing streak to third day as crude tops $115 per barrel

Gold and silver prices fell for a third straight session in the national capital on Friday as rising crude oil and a stronger US dollar weighed on sentiment. The 99.9% pure gold dropped Rs 1,900 to Rs 1,46,100 per 10 grams, and silver fell Rs 5,500 to Rs 2,02,000 per kg, according to the All India Sarafa Association. Silver has lost Rs 30,000, or 13%, since September 30, and an HDFC Securities analyst said domestic gold hit its lowest level since early July. Globally, spot gold was flat at $4,024.37 per ounce after touching a cycle low of $3,986, while silver fell 1.41% to $53.83 per ounce. Analysts said crude oil was being pushed toward $115 per barrel, raising expectations that interest rates may stay elevated for longer.

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goldsilveroil pricesUS dollar

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Market cap$1.8B
Close on 10/22/20264,036.10
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Close on 10/23/20263,995.78
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Impact is scored by AI from the headline and may be wrong. It is not investment advice.

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