Gold and Silver Prices Rebound Amid Geopolitical and Economic Influences
Gold and silver prices climbed on October 5, 2026, with COMEX gold rising 0.47% to $4,182 per ounce and silver surging 1.96% to $61.60 per ounce. The gains came after a significant correction the previous week, where gold had dropped 3.7% and silver plummeted 6.7%. The rise in prices was influenced by movements in the US dollar, Treasury yields, and geopolitical developments.
The previous week's decline in bullion was driven by a stronger US dollar and higher bond yields, prompting profit-taking after earlier support from softer US employment data. Analysts note that gold's near-term direction will continue to be influenced by the dollar and Treasury yields, with potential pressure from a sustained rise in either. Geopolitical tensions, particularly the unresolved US-Iran situation, could also drive volatility and safe-haven demand.
Silver, known for its dual role as both a precious and industrial metal, may remain more volatile than gold. Its recent decline was steeper due to broader weakness in industrial commodities. On the domestic front, investors are watching the Reserve Bank of India's monetary policy decision and global economic data for further cues on interest rates and bullion prices.
On the MCX, gold futures for December delivery ended the previous week at around ₹1.5 lakh per 10 grams, down 2%, while silver fell nearly 4% to around ₹2.25 lakh per kg. Analysts expect bullion to remain sensitive to changes in the dollar, bond yields, and geopolitical developments, with a two-way direction likely in the near term.