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Gold and Silver Recover After Hitting Recent Lows: Key Trends to Watch
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CNBC TV18•08-10-2026, 07:19
Gold and Silver Recover After Hitting Recent Lows: Key Trends to Watch
- •Gold and silver prices edged higher after facing downward pressure in the previous session, with investors closely watching the US Federal Reserve interest-rate outlook.
- •On COMEX, gold traded up 0.29 percent at $4,152.90 per ounce, while silver gained 0.58 percent to reach $60.645 per ounce.
- •Market participants are monitoring the US dollar, Treasury yields, and geopolitical factors alongside central bank demand and industrial activity for silver.
- •In India, high gold prices have shifted consumer demand toward lightweight jewellery, pushing Q2 2026 jewellery demand down by volume while overall value surged.
Key Questions Answered
On COMEX, gold was trading at $4,152.90 per ounce, up 0.29%, while silver was at $60.645 per ounce, higher by 0.58% on Thursday, October 8.
Indian jewellery demand fell 15% year-on-year to 75.1 tonnes in Q2 2026, while overall demand dropped 6% to 131.4 tonnes, though its total value surged 50% to a record ₹1.98 lakh crore.
Precious metal prices are driven by US Federal Reserve interest-rate expectations, Treasury yields, changes in the dollar, profit-taking, and geopolitical unrest, alongside industrial demand specifically affecting silver.
