Gold and silver prices remained under pressure on 29 oct. investors are now watching whether the metals will recover or continue falling when the MCX market opens on Friday. At Thursday's close, gold features were around 1,43,342 10 g, while silver futures were near 1,92,152 kg.
Will gold prices Rise on Today?
Gold may remain under pressure if the US dollar stays strong and investors continue expecting higher us interest rates. However, fresh buying or a change in globle market sentiment could support a recovery. before the opening bell, the direction remains uncertain. the opening price and the first 30 minutes of trading may provide better clues about whether buyers are returning.
What about silver?
Silver faces similar global pressures, but ita industrial use can make its price movements more volatile. after Thursday's decline, traders will watch whether silver attracts fresh buying or continues to weaken.
What should buyers watch before the market opens?
- International gold and silver prices.
- The US Dollar and bond yields.
- The opening price on MCX.
- Whether prices recover or continue failing during the first 30 minutes.
