Gold Market
Gold prices are holding steady and on track for a third consecutive weekly gain, supported by a weaker US dollar and lower Treasury yields. A drop in jobless claims has reinforced expectations that the Federal Reserve will keep interest rates unchanged in September.
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.
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.
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.
Gold extended its rally above $4,400 as the US dollar hit two-month lows. Weak US jobs and inflation data reduced Fed rate hike bets, while Iranian threats lifted oil and supported safe-haven demand.
Gold and silver prices were largely stable in India on August 16, 2026, with spot gold near ₹1,45,165 per 10 gram and silver around ₹2,23,800 per kg. MCX futures edged higher.
Gold prices edged higher in early Asian trading on Monday, supported by a softer dollar and diminished expectations of a US interest rate hike in September.
Gold prices climbed towards $4,400 an ounce after weaker US economic data, including a drop in retail sales and softer inflation, diminished expectations of further Federal Reserve rate hikes.