Neutral impactCommodity
Gold, silver prices to track crude oil, buying on dips likely at $85-90/bbl: Chirag Thakkar
CNBC-TV18 1d ago·21 Sept 2026, 10:39 am
Gold and silver prices are expected to move in tandem with crude oil in the near term. Analyst Chirag Thakkar suggests that crude oil could fall to the $85-90 per barrel range, which may influence precious metals. Investors are likely to find opportunities to buy on dips if prices correct in this zone.
This correlation is driven by the link between crude oil and inflation. Since gold is often seen as a hedge against inflation, a drop in oil prices could ease inflationary pressures, potentially affecting gold demand. Additionally, the market is watching for a possible cut in import duties and the surge in digital gold and ETFs, which could further impact demand.
Key takeaways
- Category: Commodity.
Why it matters
A routine update. Use the price and stock snapshot to gauge how the market is responding.
