Business · Markets · 11 hrs ago
Gold and silver may face pressure as investors watch war and inflation
Analysts expect gold and silver prices to remain under pressure next week as investors assess the outlook for interest rates.
They will watch inflation data from China, the United States, Germany, Japan and India, as well as US jobs figures and Federal Reserve officials’ comments.
The US-Iran conflict is adding uncertainty, with President Donald Trump confirming fresh strikes on Iran while saying negotiations had made progress.
Gold and silver futures both rose by about 3 per cent on India’s Multi Commodity Exchange over the past week, despite earlier pressure from strong US jobs data and a rising dollar.
Bargain buying and safe-haven demand helped lift prices, while gains were limited by a correction in industrial metals.
Oil prices, currency movements and festive demand may also affect Indian trading, and the domestic commodities market will be closed during Tuesday morning’s Diwali-Balipratipada session.
Investors will also track peace talks involving the United States and Iran, and Russia and Ukraine, for further signs that could influence markets.
Bullion prices may remain under pressure next week as investors watch the US-Iran conflict, crude oil prices and inflation data.
Investors are also expected to track Federal Reserve officials’ speeches and US employment data.
Inflation figures from China, the US, Germany, Japan and India will be in focus.
Gold and silver rose over the past week in both domestic and international markets.
The domestic commodities market will be closed during Tuesday morning’s session for Diwali-Balipratipada.
- Who
- Investors and bullion market analysts.
- What
- Gold and silver may face pressure as markets track geopolitical developments, oil prices and inflation.
- When
- The outlook is for next week, following the week covered in the article published on November 8, 2026.
- Where
- Domestic and international bullion markets.
- Why
- The US-Iran conflict, crude oil prices and inflation data may shape expectations for interest rates.
This story does not have two clearly opposing sides.
Gold and silver initially faced pressure after stronger-than-expected US nonfarm payroll data and improving consumer sentiment lifted the dollar and Treasury yields.
Bullion prices rallied after the US midterm election outcome showed Democrats winning both the Senate and the House.
Gold and silver futures came under selling pressure.
Business Standard reported that bullion may remain under pressure next week as investors watch conflict developments, oil prices and inflation data.
- Domestic gold
- December futures closed at ₹1.42 lakh per 10 grams after gaining ₹3,682, or nearly 3 per cent, over the week.
- Domestic silver
- Futures settled at ₹1.84 lakh per kilogram after rising ₹5,655, or 3.15 per cent.
- Comex gold
- December futures closed at $4,074.9 per ounce, up $176, or 4.5 per cent, over the week.
- Comex silver
- Futures settled at $51.94 per ounce, up $2.6, or 5.4 per cent.
- Tuesday morning
- The domestic commodities market will be closed for Diwali-Balipratipada.
What people are saying
Gold and silver's momentum remains down as investors will focus on the inflation data from China, the US, Germany, Japan, India, etc along with some Fed officials' commentary,
a lot of progress