# Gold and Silver Prices Drop After Strong US Jobs Data

> Gold and silver prices fell as strong US jobs data boosted Fed rate hike expectations.
- Title: Gold and Silver Prices Drop After Strong US Jobs Data · mint
- Summary: Gold and silver prices fell as strong US jobs data boosted Fed rate hike expectations.
- Keywords: gold prices, silver prices, us jobs data, federal reserve, interest rates, december rate hike, mcx futures, inflation, mint
- Source: mint — https://livemint.com/market/stock-market-news/gold-silver-turn-volatile-after-strong-us-jobs-data-but-remain-on-track-to-snap-multi-week-losing-streaks-11793985166600.html
- Author: A Ksheerasagar
- Published: 2026-11-06T17:25:16+00:00
- Read time: 1 min
- Topics: gold prices, silver prices, us jobs data, federal reserve, interest rates, december rate hike, mcx futures, inflation, money, business
## Gold and silver prices drop
Gold and silver prices fell on Friday as stronger-than-expected US jobs data lifted expectations of a Federal Reserve rate hike in December.
## Gold price details
Gold was down ₹ 1,700 to ₹ 1,42,930 per 10 grams, while silver slipped 1.26% to ₹ 1,84,800 per kilogram.
## Gold on track to rebound
Gold has gained nearly ₹ 4,000 so far this week, putting it on track to snap a three-week losing streak.
## Silver on track to rebound
Silver remains on track for its first weekly gain in five weeks despite a decline of 1.26%.
## US jobs data
American employers added 165,000 jobs in October, more than double economists' expectations of 65,000.
## Economic resilience
The US economy showed resilience with GDP expanding at an annualised rate of 3.4% in the third quarter.
## Inflation data
The US Personal Consumption Expenditures (PCE) price index rose 0.5% month-on-month in September, marking its biggest rise since March.
## Fed rate hike expectations
Investors now expect the Fed to raise another 25 basis points at its December policy meeting, with a 77% probability.
## Key takeaway

Gold and silver prices dropped after strong US jobs data raised expectations of a December Fed rate hike.