09:41 (IST) Aug 26
Gold marked a fourth straight rise in Delhi
Gold prices in Delhi rose by Rs 2,700 to Rs 1,67,100 per 10 grams on Tuesday, extending their gains for a fourth consecutive session. Gold of 99.9 per cent purity had closed at Rs 1,64,400 per 10 grams on Monday. In international markets, however, spot gold fell 0.26% to $4,639.51 per ounce, giving up some of its recent gains.
09:39 (IST) Aug 26
Gold holds near three-month high in Asian trade as dollar weakens
Gold held near a three-month high in Asian trade, with spot gold at $4,646.08 per ounce, just below the previous session’s peak. The metal was supported by a weaker dollar and renewed concerns over US fiscal conditions, which have revived demand for gold as a hedge against currency debasement.
09:38 (IST) Aug 26
Gold Rate Today: Gold stocks rise to five-month high as Australian shares pare gains
Gold stocks in Australia rose as much as 2.3% to a five-month high, even as the broader S&P/ASX 200 pared its early gains after hotter-than-expected inflation data raised concerns over a potential rate hike. Evolution Mining gained 0.3%, while the broader mining sub-index hit a record high, supported by strong copper prices.
09:37 (IST) Aug 26
Silver gains as precious metals track rate outlook
Silver prices rose as investors focused on upcoming US inflation data and its implications for the Federal Reserve’s interest-rate decisions. Spot silver gained 0.7% to $69.09 per ounce, while platinum rose 0.6% to $1,869.22 and palladium advanced 1.4% to $1,345.30. A softer US inflation reading could support precious metals by reinforcing expectations for lower real yields, while broader concerns over US fiscal conditions and geopolitical developments also remained in focus.
09:36 (IST) Aug 26
Gold holds steady as investors await US inflation data
Gold prices held steady after hitting a more than three-month high in the previous session, as investors awaited the US Personal Consumption Expenditures (PCE) inflation data for clues on the Federal Reserve’s interest-rate path. Spot gold was little changed at $4,652.39 per ounce as of 0150 GMT, while US gold futures rose 0.3% to $4,709.20. Softer-than-expected inflation could strengthen expectations of lower real yields and support demand for the non-yielding asset. Traders are currently pricing in a 63.6% chance of the Fed leaving rates unchanged next month, according to the CME FedWatch Tool.
Gold prices remained firm on Wednesday, with spot gold holding near a three-month high as investors focused on US inflation data and the Federal Reserve’s rate outlook. In Delhi, gold had extended its winning streak for a fourth session on Tuesday, rising Rs 2,700 to Rs 1,67,100 per 10 grams, even as international prices eased. Silver, meanwhile, came under pressure, with Delhi prices falling Rs 3,500 to Rs 2,50,000 per kg after a three-session rally, while international silver declined for a second straight session.
