Stories
Gold, Silver Prices Fluctuate: What's Driving the Market on October 5?
M
Moneycontrol•05-10-2026, 09:16
Gold, Silver Prices Fluctuate: What's Driving the Market on October 5?
- •International spot gold rose 0.47% to $4,160 per ounce, while US gold futures increased 0.65% to $4,190 per ounce in early trading on October 5.
- •MCX gold futures for December 4 delivery fell 0.64% to Rs 1,49,435 per 10 grams, and silver futures edged up 0.28% to Rs 2,26,518 per kilogram.
- •Domestic spot gold closed Friday's session at Rs 1,47,770 per 10 grams, with silver at Rs 2,21,443 per kilogram.
- •Market attention is now on key US economic data, including the Core PCE Price Index, unemployment data, and Nonfarm Payrolls, which could influence the Federal Reserve's monetary policy.
- •Experts note a recovery in Indian gold and silver futures after a September correction, but caution that it's too early to confirm a sustained reversal, with the dollar, Treasury yields, and rupee impacting the outlook.
Key Questions Answered
International spot gold inched 0.47 percent near $4,160 per ounce in the early session, while US gold futures traded with a 0.65 percent increase near $4,190 per ounce.
MCX gold futures for the December 4 delivery fell 0.64 percent to Rs 1,49,435 per 10 grams, while silver futures inched 0.28 percent to Rs 2,26,518 per kilogram.
Market focus has shifted to key US economic data, including the Core PCE Price Index, unemployment data, and Nonfarm Payrolls, which could influence expectations around the Federal Reserve’s monetary policy path.
