Overview
- Precious metals stabilized after a sharp slide, with India’s 24K gold holding near ₹1.48 lakh per 10 grams and 999 silver near ₹2.50 lakh per kilogram.
- Markets cite a stronger US dollar and higher Treasury yields as the main pressure points, and easing tensions in West Asia has reduced the rush to safe assets.
- From their early-March highs, gold has fallen about 14% and silver is down more than 20% from an early‑2026 peak.
- Near-term lines to watch are gold at $4,450 support and $4,650 resistance, and silver at $70 support and $75 resistance.
- Traders are eyeing US jobs data as the next volatility trigger, while onshore MCX gold closed near ₹1,49,650 per 10 grams and Indian shoppers pay 3% GST plus making charges that raise final bills.