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Gold, Silver Prices Today: Investors Watch US Rates, Yields After September Correction
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CNBC TV18•01-10-2026, 07:28
Gold, Silver Prices Today: Investors Watch US Rates, Yields After September Correction
- •Gold prices were largely steady, while silver gained on October 1, as investors assessed US interest rates, Treasury yields, the dollar, and geopolitical developments.
- •Key drivers for bullion include the direction of US Treasury yields and expectations around Federal Reserve policy, with higher yields typically weighing on precious metals.
- •Upcoming US economic data releases, including the October 2 jobs report, will be crucial in shaping expectations for the Fed's October 28 meeting.
- •Gold experienced a volatile September correction driven by a stronger US dollar, elevated Treasury yields, and shifting US monetary policy expectations.
- •Physical demand from China's Golden Week and India's festive season could offer near-term support, while silver remains more volatile due to its industrial demand component.
Key Questions Answered
Gold and silver prices are being driven by expectations around US monetary policy, the direction of US Treasury yields, the strength of the dollar, and geopolitical developments. Higher yields and a firm dollar act as headwinds because precious metals do not generate interest income.
In the domestic market, 99.9% purity gold rose by ₹700 to reach ₹1.49 lakh per 10 grams on Wednesday, September 30, while silver remained unchanged at ₹2.32 lakh per kg.
Investors are closely monitoring upcoming US economic data, including the October 2 jobs report, to determine if incoming data alters expectations for the Federal Reserve's October 28 policy meeting.
