Gold surged 0.66% to $4,326.50 an ounce, silver edged up 0.43% to $64.28, as markets steadied after a string of pressure from a firmer dollar and rising U.S. Treasury yields.
Gold traded between $4,299.30 and $4,331, while silver oscillated between $64.00 and $64.53. The uptick comes after gold had slipped for four consecutive sessions and silver had dipped 0.42% to $64.00 on Thursday.
Aamir Makda, Commodity & Currency Analyst at Choice Broking, attributed the rebound to the dollar index hovering around 101 and the 10‑year Treasury yield inching close to 5.11%. Ashish Rajodiya of PL Capital noted that the rate outlook is now competing with geopolitical risks as a key driver for bullion.
Brent crude fell 0.69% to $105.85 a barrel and WTI slid 0.86% to $93.80, reflecting a market still weighing on the possibility of a U.S.–Iran diplomatic breakthrough amid continued regional attacks. The combination of higher oil prices and a strong dollar keeps inflation concerns alive, tightening the environment for non‑yielding assets like gold.
Going forward, traders will track U.S. economic data, Treasury yields, the dollar’s trajectory and Fed policy expectations, while monitoring West Asia developments for any shift in safe‑haven demand. Indian investors should also watch the rupee‑dollar exchange, as it directly influences MCX futures and domestic bullion pricing.