Gold prices dip Rs 1,500/10 grams; silver down Rs 1,600/kg ahead of Fed minutes. Key levels to track
Indian markets moved higher.
7 Oct 2026 · Economic Times Markets
Gold and silver prices fell on the Multi Commodity Exchange as traders anticipated crucial insights from the US Federal Reserve's September meeting minutes. While optimism for an October rate hike has waned, December remains on the table. Analysts have outlined key support and resistance levels for both metals today.
The analysis
Because the driver here is macro rather than company-specific, the read-through is to index-level positioning rather than to any single name — correlations tend to rise when the whole market faces the same signal.
Market context
- This is a market-wide development — its reach goes beyond any single stock.
- Sector exposure: Metals & Mining.
- The immediate tone of coverage reads negative.
In this story
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