Gold futures climbed 1.39% to $4,165.10 per ounce on Thursday, reversing a 1.2% dip that opened the week.
Silver futures ticked up 0.78% to $56.315 per ounce, hitting the strongest level since early September.
The rise came after the U.S. Consumer Price Index for September exceeded market expectations, tightening the narrative around a potential Fed rate hike.
Meanwhile, the S&P 500 fell 1.1% and the Nasdaq Composite slid 1.9%, reflecting growing caution over prolonged high borrowing costs.
Investors are now focusing on Friday’s Producer Price Index and retail sales data, plus remarks from Federal Reserve officials, to gauge the next policy move.
For Indian bullion markets, a stronger rupee has pushed domestic gold down ₹1,800 to ₹1.50 lakh per 10 grams and silver down ₹5,000 to ₹2.21 lakh per kilogram, underscoring the currency’s influence on precious‑metal pricing.