Gold, Silver Rate Today Live Updates: Apart from geopolitical developments, investors will monitor the People’s Bank of China’s policy decision on Monday, preliminary manufacturing and services PMI readings from major economies, US housing data, Personal Consumption Expenditures (PCE) inflation figures and consumer sentiment data.
Statements from Federal Reserve officials will also remain under scrutiny as investors look for fresh signals on the future direction of interest rates and the potential impact on bullion prices.
Precious metals ended the previous week in negative territory amid a stronger rupee and softer demand conditions.
On the Multi Commodity Exchange (MCX), gold futures settled Rs 3,325 lower, or 2.2%, at Rs 1.47 lakh per 10 grams, while silver futures declined Rs 13,001, or 5.3%, to close at Rs 2.33 lakh per kilogram.
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