Peace deal optimism lifts Indian gold by Rs 6,400, silver by Rs 11,502

economictimes.indiatimes.com

Gold and silver rallied on MCX this week; prices rose over 4-5% as easing oil prices and peace hopes boosted sentiment ahead of U.S. jobs data. October gold futures rose Rs 866 to Rs 1,49,724 per 10 grams; September silver gained Rs 2,864 to Rs 2,28,700 per kg. Investors await U.S. payrolls for Fed signals; markets price a 55% September hike chance, down from 63%. Spot gold gained over 5% this week to $4,254.11 an ounce. President Trump said the Iran war could end soon, while lower oil eased inflation worries. Analysts advised caution ahead of Friday's jobs report.


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Peace deal optimism lifts Indian gold by Rs 6,400, silver by Rs 11,502 | News Minimalist