Gold and silver fall after strong US jobs data
In short
Gold and silver fell on Friday after stronger US jobs data made traders expect a Federal Reserve rate hike in December.
Gold fell ₹1,700 to ₹1,42,930 per 10 grams, and silver slipped 1.26% to ₹1,84,800 per kilogram.
What the reporting says
Gold and silver prices fell on Friday after stronger-than-expected US jobs data lifted expectations of a Federal Reserve rate hike in December. Gold dropped ₹1,700 to ₹1,42,930 per 10 grams, while silver slipped 1.26% to ₹1,84,800 per kilogram. The metals remained on track to snap multi-week losing streaks despite the pullback.
Why it matters
Gold and silver declined on Friday after stronger-than-expected US jobs data increased expectations of a Federal Reserve rate hike in December. Gold fell ₹1,700 to ₹1,42,930 per 10 grams, while silver slipped 1.26% to ₹1,84,800 per kilogram. The move matters for commodities traders because the data shifted rate expectations and drove volatility, even as both metals stayed on track to end a multi-week losing run.