Gold, silver rates today: Comex gold drops $87/oz; silver falls $5 as US dollar strengthens
Analysis of this story by livemint_markets · 11 Mar 2026, 9:52 PM IST (about 2 months ago)
AI Analysis
The global commodity cycle, particularly for precious metals, is heavily influenced by the US dollar's strength and global economic sentiment. A stronger dollar typically makes dollar-denominated commodities like gold and silver more expensive for holders of other currencies, reducing demand.
Trading Insight
Maintain a bearish bias on Indian precious metal stocks, especially jewelry retailers and traders, with a focus on short-term downside potential due to global price trends.
Quick check: TATASTEEL bearish bias (-0.3% 1d), HINDALCO bullish bias (+0.1% 1d).
Key Evidence
- •Precious metals fell on March 11 as the US dollar gained.
- •Gold futures dropped $80 to $5,012 per ounce.
- •Silver fell $4.67 to $79.64.
- •Rising energy prices and inflation concerns complicate potential Federal Reserve rate cuts.
- •Middle East tensions are ongoing.
Sources and updates
Original source: livemint_markets
Published: 11 Mar 2026, 9:52 PM IST
Last updated on Anadi News: 11 Mar 2026, 10:37 PM IST
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