Gold Prices Fluctuate Amid Interest Rate Focus
Gold Prices Fluctuate Amid Interest Rate Focus
Gold Prices Fluctuate Amid Interest Rate Focus
News summary

Gold prices remained rangebound around $2,300 in Asian trading, influenced by the upcoming U.S. inflation data that could impact interest rates. In India, gold and silver prices rose, with 24-carat gold reaching Rs 72,746 per 10 grams, and silver climbing to Rs 90,666 per kg. Similarly, in Ranchi, prices surged, with 22-carat gold at Rs 68,500 and 24-carat gold at Rs 71,930, while silver hit Rs 98,500 per kg. Locally, gold prices increased, with 21-karat gold at EGP 3150 and an ounce rising to $2314 amid dollar strength and rising bond yields. Meanwhile, the gold rate on the MCX in India stood at ₹70,959 per 10 grams, showing volatility and a GST-inclusive price of around ₹73,087 per 10 grams, prompting consumers to monitor trends for strategic purchases amidst economic uncertainties and global cues.

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