Economy · India
Gold and Silver Prices Fluctuate Amidst Inflation Data and Market Cues
Gold prices saw a significant rise of Rs 1,400 per gram over two days, reaching a two-month peak, before pausing. This surge was influenced by softer US inflation data, which lowered expectations of an immediate Federal Reserve rate hike. However, prices later experienced a decline, with silver slipping marginally and gold falling to around Rs 1.53 lakh per 10 grams on MCX. Investors are now awaiting further US economic data, including PPI figures, for future market direction. Analysts anticipate potential profit-booking in gold.
How outlets across the spectrum covered it
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- Centre (4 votes, 5 outlets): Business Standard, Dainik Bhaskar, The Economic Times · The Times of India (Times Group — 1 vote), The Hindu BusinessLine
- Right (4): Aaj Tak, News18 Hindi, Punjab Kesari, Zee News (Hindi)
- International (10): Business Insider, CNBC, Channel News Asia, Global News (Canada), Los Angeles Times, NBC News, Reuters, The Globe and Mail, The New York Times, The Wall Street Journal