Gold futures climb ₹1,283 to ₹1.63 lakh per 10 grams on MCX
Gold futures on the MCX rose ₹1,283 to ₹1,63,721 per 10 grams for October delivery, driven by fresh positions and firm spot demand. Globally, gold gained 0.99% to $4,648.78 per ounce.
Gold Market
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Gold futures on the MCX rose ₹1,283 to ₹1,63,721 per 10 grams for October delivery, driven by fresh positions and firm spot demand. Globally, gold gained 0.99% to $4,648.78 per ounce.
Gold reached three-month highs above $4,650 on Monday, extending last week's gains as the US dollar weakened on tariff tensions, fading rate hike expectations, and safe-haven demand.
Gold rose above $4,650 on Monday, its highest since mid-May. Lower US bond yields and a softer dollar, as expectations for a Fed rate hike fade, underpin the move.
Gold rose for a fourth consecutive session on MCX, gaining Rs 8,200 per 10g, while silver snapped a three-day rally, falling Rs 1,800/kg. Markets await US inflation data and a speech by Fed Chair Kevin Warsh.
Gold forward and lease rates are derived from spot and futures prices, revealing the balance between physical supply and financial demand in the gold market.
An examination of gold's historical performance during recessions and financial crises, highlighting its role as a store of value and safe-haven asset.
Gold prices extended gains to a three-month high above $4,636 as investors focused on upcoming US inflation data and Federal Reserve Chair Kevin Warsh's speech at Jackson Hole.
Gold rose 5.2% in a week to $4,662, driven by a US Treasury buyback plan and a falling dollar. A new parabolic long trend has begun, but analysts warn the speed may be unsustainable.
Examining the historical evidence reveals that gold has preserved purchasing power over very long periods, but its performance as an inflation hedge is less reliable over shorter time frames.