Gold edged up 0.47% to $4,182 per ounce on COMEX, while silver rose 1.96% to $61.60 per ounce, according to market data on October 5. The uptick restores the metals after a sharp correction the week before, when gold fell 3.7% to $4,162.3 and silver slid 6.7% to $60.41.
The rebound comes amid a stronger US dollar and elevated Treasury yields that pressured bullion last week, prompting profit‑booking after earlier support from softer US employment data and policy expectations. A sustained rise in the dollar or a further uptick in yields could weigh on the metals, whereas a reversal might lift prices.
Geopolitical risk also looms; the unresolved US‑Iran standoff could revive safe‑haven demand if tensions flare, but easing oil‑supply concerns dampened the risk premium in the prior week. Silver, with its dual industrial role, remains more volatile, reflecting broader weakness in industrial commodities.
On the domestic front, Indian investors will track the Reserve Bank of India’s policy decision later this week, along with global economic releases—US services PMI, trade figures and consumer sentiment—that could signal shifts in interest rates, the dollar and bullion sentiment. Analysts expect the metals to stay sensitive to dollar and yield movements, keeping the market in a two‑way corridor for the near term.