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Gold and Silver Prices Today: US Yields and Dollar Drive Bullion Market Trends
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CNBC TV18•06-10-2026, 07:36
Gold and Silver Prices Today: US Yields and Dollar Drive Bullion Market Trends
- •Gold prices held steady while silver edged lower in global markets as investors assessed the outlook for US interest rates.
- •US Treasury yields and Federal Reserve rate expectations remain key drivers for precious metals, influencing holding costs.
- •Prithviraj Kothari noted that weakness stems from rate hike concerns, a firm dollar, and elevated Treasury yields, with gold support seen at $4110.
- •Dhruv Joglekar expects gold to find support in October due to anticipated festive physical demand and continued central bank buying.
- •In New Delhi, 99.9% purity gold remained unchanged at 1.49 lakh rupees per 10 grams, and silver stayed steady at 2.27 lakh rupees per kilogram.
Key Questions Answered
On October 6, 2026, COMEX gold futures traded at $4,159.40 an ounce, marking an increase of $2.60 or 0.06%. Meanwhile, silver futures declined by $0.20 or 0.33% to settle at $61.10 an ounce.
Precious metal values are largely influenced by US Treasury yields, Federal Reserve rate expectations, and a firm US dollar. Higher bond yields raise the opportunity cost of holding non-yielding bullion, while a stronger dollar makes dollar-denominated assets costlier for international buyers.
In New Delhi on Monday, October 5, 2026, gold of 99.9% purity held steady at ₹1.49 lakh per 10 grams inclusive of all taxes, and silver remained unchanged at ₹2.27 lakh per kilogram due to subdued retail demand.
