NewsSignals AI analysis·CNBC TV18·Oct 27, 2026

Gold and silver prices decline on MCX: What is driving the fall and what lies ahead

Grade Bbearish AI signal$XAU$XAG$DXY

Gold and silver futures fell on India's MCX as a stronger US dollar, uncertainty ahead of the Federal Reserve's policy decision and continued selling pressure weighed on precious metals. December gold futures dropped 0.46% to ₹1.42 lakh per 10 grams, while silver futures slid 1.15% to ₹1.93 lakh per kg, with concerns about industrial demand adding pressure to silver. Prices could face further downside if the dollar strengthens or rate expectations remain elevated, while a sustained hold above support levels may help stabilise the metals.

Bullish strength: 25/100

Gold has identified support at ₹1.42 lakh per 10 grams.
Silver has identified support at ₹1.92 lakh per kg.
A sustained move above ₹1.43 lakh for gold or ₹1.97 lakh for silver could improve near-term momentum.

Bearish strength: 75/100

MCX December gold futures fell 0.46%.
MCX December silver futures fell 1.15%.
A stronger US dollar and expectations of elevated interest rates are weighing on bullion.
Weak spot demand and selling pressure following last week's decline are undermining the recovery.
Concerns about industrial demand are adding pressure to silver.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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