Gold rebounds above Rs 1.58 lakh as US bond yields slip
Gold prices rose above Rs 1.58 lakh per 10 grams on the MCX as US Treasury yields fell and the dollar softened after increased liquidity support. Analysts expect continued volatility.
Gold Market
Daily movements in the gold market and what is driving them.
Gold prices rose above Rs 1.58 lakh per 10 grams on the MCX as US Treasury yields fell and the dollar softened after increased liquidity support. Analysts expect continued volatility.
Gold retreated from its highest level since early June as hawkish FOMC minutes and US‑Iran tensions lifted the dollar. Falling bond yields may cap the downside.
MMTC PAMP argues India must make its Gold Monetisation Scheme more appealing to unlock household stocks, boost recycling, and cut import reliance.
Gold climbed sharply on Wednesday, breaching $4,480 as US Treasury buybacks pushed yields lower, even as Fed minutes revealed three officials dissented in favour of a rate hike.
Gold rose nearly 1% on Wednesday, helped by a softer US dollar and a pullback in long-term Treasury yields. Investors await the release of the Federal Reserve's July meeting minutes.
Gold fell on the MCX but rose internationally as Treasury yields eased. Rising oil prices and inflation concerns limit rate cut expectations. Experts view the correction as a buying opportunity.
Gold fell over 1% to $4,364 on Tuesday as US Treasury yields rose to their highest since 2007, pressuring the non-yielding metal. The dip came as energy prices gained on stalled US-Iran talks.
TD Securities sees gold range-bound between $4,200 and $4,500/oz into early 2027, with a sustained rally possible later that year as inflation eases.
MCX gold and silver prices declined in early trade on Tuesday as a surge in crude oil prices rekindled fears that the Federal Reserve and other central banks may raise interest rates.