Silver slips Rs 2,000, gold at Rs 1.62 lakh ahead of key US data this week. Check important levels for today’s session
Analysis of this story by et_markets · 11 Mar 2026, 9:54 AM IST (about 2 months ago)
AI Analysis
Precious metals are sensitive to global inflation expectations and interest rate outlooks, which are heavily influenced by US economic data. A dip in prices ahead of US inflation data suggests market participants are bracing for potentially higher interest rates or lower inflation, reducing the appeal of non-yielding assets like gold and silver.
Trading Insight
Maintain a bearish bias on gold and silver; consider short positions or put options on related Indian jewelry stocks, with strict stop-losses above recent resistance levels.
Quick check: MARUTI bearish bias (+2.9% 1d), TATAMOTORS bearish bias (+3.7% 1d).
Key Evidence
- •Gold and silver prices saw a slight dip on MCX.
- •Traders anticipate key U.S. inflation data.
- •International gold prices edged up, while silver declined slightly.
- •Easing inflation concerns following a drop in oil prices below $90 per barrel contributed to the decline.
- •Risk flag: Unexpected dovish stance from the US Fed post-inflation data.
Sources and updates
Original source: et_markets
Published: 11 Mar 2026, 9:54 AM IST
Last updated on Anadi News: 11 Mar 2026, 10:08 AM IST
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