{
  "id": 16348050,
  "title": "Bullion Cues: Bears retain control",
  "url": "https://urgent.news/2026/10/24/bullion-cues-bears-retain-control",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-24T16:16:46.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/portfolio/commodity-analysis/bullion-cues-bears-retain-control/article71619403.ece"
  },
  "original_language": "en",
  "account": "Last week, precious metals faced a significant downturn. Gold, trading at $3,995.80 per ounce, declined by 4.1 per cent, while silver, at $53.90 per ounce, saw a steeper 5.4 per cent drop. In the local market, gold (₹1,42,024 per 10 grams) shed 4 per cent, whereas silver (₹1,95,719 per kilogram) plummeted by 7.3 per cent.\n\nPrecious metals futures experienced a decline throughout the week, dipping below a crucial support level at ₹1,43,500. This downward trend suggests a high likelihood of further price reductions. However, there are strong support levels ahead at ₹1,41,000 and ₹1,40,000, the latter being a pivotal base. If gold futures breach ₹1,40,000, it could fuel a more extensive sell-off, potentially triggering a deeper downtrend. Should gold futures fall to ₹1,36,500, notable support lies at ₹1,35,000. Conversely, a recovery from the current level of ₹1,42,024 may encounter resistance at ₹1,45,000 and ₹1,48,500. For bullish sentiment to emerge, gold futures would need to surpass ₹1,50,000.\n\nSilver futures, which mostly stayed flat during the first half of the week, experienced a sharp decline in the latter part. It hit a ten-month low of ₹1,92,149 on Friday before closing at ₹1,95,719. This trend suggests further declines are likely. The nearest support is at ₹1,90,000, with a potential drop to ₹1,80,000 in the near term. If gold rebounds, silver futures could bounce back to ₹2,00,000 or even ₹2,08,000. For silver's outlook to shift to bullish, it must decisively break through the ₹2,20,000 barrier. Comments must be in English, written in full sentences, and adhere to the community guidelines.",
  "summary": "A rebound may follow fresh lows",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}