Spot gold was up 0.1 percent at $1,244.40 per ounce as of 1:41 p.m. EST (1841 GMT). U.S. gold futures settled up $2.80, or 0.22 percent, at $1,250.
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Gold Edges Lower as Dollar Steadies, Equities Up
Spot gold was down 0.2 percent at $1,243.91 per ounce, as of 0415 GMT, while U.S. gold futures were 0.1 percent lower at $1,249.3 per ounce.
Gold Prices Zoom to Near Five-Month High – Gold Silver Reports
Gold Silver Reports (GSR) – Spot gold rose 0.26% to $1,240.72 per ounce, having earlier reached $1,244.32 per ounce, its highest since July 17. US gold futures were 0.28% higher at $1,246.10 per ounce.
Gold Prices soar Today, Silver Rates Surge ₹ 800
Tracking gold, silver rates also surged Rs 800 to 37,360 per kg on strong demand from industrial units and coin makers. Gold of 99.9% and 99.5% purity advanced Rs 390 each to Rs 31,850 and Rs 31,700 per 10 gram, respectively. Sovereign gold held steady at Rs 24,700 per piece of 8 grams.
Gold Rises as the US and China’s Pause on Tariff Escalation Weighs on the Dollar
Gold Silver Reports (GSR) – Spot gold was up 0.3 percent at $1,225.67 per ounce at 0407 GMT, while U.S. gold futures were up 0.4 percent at $1,230.4 per ounce.
Gold Prices Fall Further Today
Gold Silver Reports (GSR) However, higher global prices capped the fall in domestic gold prices. On the other hand, silver rates today recovered by Rs 60 to Rs 37,160 per kg. Prices of gold of 99.9% and 99.5% purity fell further by Rs 20 each to Rs 31,540 and Rs 31,390 per 10 gram, respectively.
Gold Demand in India, Second Biggest Gold Consumer after China
Gold Silver Reports (GSR) – Gold demand in India, the second biggest gold consumer after China, usually picks up towards the end of the year going into the wedding and festival season. Traders expect the recent fall in domestic gold prices to perk up demand.
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Gold Prices have fallen about 11%from its April Peak
Gold Silver Reports (GSR) – Spot gold was little changed at $1,209.71 per ounce at 0431 GMT. On Friday, prices fell to their lowest since Oct. 11 at $1,206.13 per ounce. “Higher US interest rates and a stronger dollar are flashing red for gold investors,” said Stephen Innes, APAC trading head at OANDA in Singapore.
Saudi Arabia, Russia Agreed in September to Lift Oil Output, Told US – GSR
US President Donald Trump has blamed the Organization of the Petroleum Exporting Countries (OPEC) for high crude prices and called on it to boost output to bring down fuel costs before the US Congressional elections on 6 November.