Gold and silver prices slip as bond yields and the dollar rise

On Tuesday, gold and silver markets opened in the red as global bond yields climbed and the dollar strengthened. The Comex gold future was priced close to $4,160 an ounce, down from the previous close, while silver traded near $61 an ounce. In the Indian market, MCX gold futures hovered around ₹1,48,800 per 10 gram and silver futures slipped to about ₹2,25,300 per kilogram.

Vikram Subburaj of Giottus.com said the bullion market is seeing a sharp decline driven by these macro factors, including high crude oil prices that raise inflation worries. Ajay Kedia of Kedia Advisory identified support and resistance levels for both metals, noting that further falls could push gold below ₹1,47,570 and silver below ₹2,24,730. Market participants remain cautious as higher yields and a hawkish Federal Reserve outlook weigh on precious-metal prices.