November, 12 2026 Thursday 09:23 Hrs
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Mid Session Commentary - Detailed News

Bullion prices rebound
11-Nov-26   14:14 Hrs IST
Precious metals are exhibiting significant price fluctuations as both Gold and Silver rebounded today following a period of selling pressure triggered by an elevated inflation reading in the US. The US inflation increased 0.4% from September to October. Rising energy costs, influenced by the Iran war, have been the primary driver behind the persistent inflation, which has remained above an annualized 3% since the conflict began in late February. This upward pressure on US bond yields has negatively impacted bullion prices. Gold retreated from a two-week high, experiencing a decline of approximately 2%. Silver also decreased by roughly 2.80%. However, a notable recovery was observed today, with COMEX Gold advancing 1% to $4071 per ounce while Silver surged 3.51% to $53.02 per ounce. MCX Gold futures increased 0.94% to Rs 141847 per 10 grams. MCX Silver futures jumped 2.89% to trade at Rs 187850 per kg.
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