# Gold and silver prices rebound from multi-month lows

> Gold and silver prices rebound after multi-month lows as crude oil falls.
- Title: Gold and silver prices rebound from multi-month lows · mint
- Summary: Gold and silver prices rebound after multi-month lows as crude oil falls. Gold and silver prices rebounded from multi-month lows due to easing inflation…
- Keywords: gold prices, silver prices, crude oil, us dollar, inflation, iran, us-iran conflict, money, business, Gold, silver, prices
- Source: mint — https://livemint.com/market/stock-market-news/november-2-gold-silver-rates-gold-silver-prices-rebound-from-multi-month-lows-as-crude-oil-retreats-11793635178579.html
- Author: A Ksheerasagar
- Published: 2026-11-02T16:38:06+00:00
- Read time: 1 min
- Topics: gold prices, silver prices, crude oil, us dollar, inflation, iran, us-iran conflict, money, business
## Gold and silver prices rebound
Gold and silver prices rebounded on Monday after hitting multi-month lows, supported by easing inflation concerns as oil prices fell and the US dollar weakened.
## Gold futures contract
The December gold futures contract on the MCX gained ₹ 2,039 per 10 grams to touch the day’s high of ₹ 1,40,524.
## Silver prices rebound
Silver prices also attempted a recovery, with the futures contract rising ₹ 5,543 per kg to ₹ 1,84,675.
## Silver's monthly decline
Silver logged back-to-back monthly losses, with October marking its steepest monthly decline at 20% or ₹ 44,574 per kg.
## Crude oil falls 7%
Crude oil prices extended the decline on Monday, with Brent crude futures dropping 7% to below $105 a barrel.
## Iran's two-day plan
Iran reportedly said it had a two-day plan to reopen the Strait of Hormuz and resume nuclear talks with the United States.
## US dollar weakens
The US dollar traded lower around 101.6, extending its losing streak to a fourth consecutive session.
## Key takeaway

Gold and silver prices rebounded from multi-month lows due to easing inflation concerns and a drop in crude oil prices.