MCX December gold futures fell to ₹1,42,806 per 10 grams and silver to ₹1,94,700 per kg on Tuesday, as investors awaited the US Federal Reserve's policy decision
Brent crude futures were down 66 cents, or 0.57%, at $115.15 a barrel as of 0000 GMT, while US West Texas Intermediate crude was down 44 cents, or 0.43%, at $101.32
However, gold was still trading near a three-month low, while silver remained below ₹2 lakh per kg
US crude futures were down $1.60, or 1.55%, at $101.67 per barrel by 0018 GMT while Brent crude futures were down $1.56 or 1.34% at $115.16
The crude oil/silver ratio has fallen through the crucial support around 58, which means silver remains vulnerable to rise in oil prices.
Gold price outlook: Near-term resistance is at $4140/$4227; support is at $4000/$3930.
Brent climbed back above $113 a barrel after a deadly drone strike on Saudi Aramco's Shaybah field, highlights Mohammed Imran of Mirae Asset Sharekhan.
Gold and silver were trading weak in early trade after recording sharp losses in the previous session
Brent crude futures was down 21 cents, or 0.2%, at $112.96 a barrel as of 0030 GMT, while US West Texas Intermediate crude was down 27 cents, or 0.3%, at $98.12
Brent crude rose 1.2% to $110.11 a barrel and US WTI gained 1% to $98.12 after Houthi attacks in Saudi Arabia killed three people and prompted Washington to order some diplomats' families to leave
In the global market, gold futures on Comex were trading near $4,110 per ounce, while silver was trading near $56.50 per ounce
MSCI's Asia-Pacific index outside Japan fell 0.2%, while South Korean shares dropped over 1%. Concerns over AI spending and Gulf tensions offset stronger-than-expected US technology earnings
Brent crude futures rose $1.32, or 1.2%, to $110.11 per barrel by 0747 GMT while US West Texas Intermediate (WTI) crude gained $1.18, or 1.2%, to $99.00 per barrel
Gold price outlook: If Brent extends rally and feeds into hotter inflation data and firmer Fed hike bets, lifting yields and the dollar, Gold could test $4,000-mark, says Kaynat Chainwala, Kotak Neo.
In the global market, gold futures on Comex were trading near $4,140 per ounce, while silver was trading near $57.60 per ounce
Brent crude futures rose to $111.05 a barrel, the highest since May, and as of 0810 GMT were trading at $110.80, up $1.25 or 1.1%
Brent crude futures fell $2.29, or 2.08%, to $107.57 a barrel by 0619 GMT after settling at its highest since May 19 on Friday
In the global market, gold futures on Comex were trading near $4,200 per ounce, while silver was trading near $57.60 per ounce
Restrictions come amid soaring gold investments and at a cost for AMCs
Restrictions may slow fresh FoF inflows, but investors can still buy gold ETFs through demat accounts