Gold prices remained broadly steady in early trade on October 6, with international spot gold holding above $4,128 per ounce. In the domestic market, gold had closed at around Rs.1,47,466 per 10 grams on October 5, while silver rose by more than 1% to approximately Rs.2,23,815 per kg.
MCX gold futures for December delivery were around Rs.1,49,311 per 10 grams, while silver futures stood near Rs.2,26,240 per kg. Investors are monitoring upcoming US economic data, including inflation and employment indicators, which could influence expectations regarding the Federal Reserve’s interest-rate path.
Precious metals are also being influenced by geopolitical uncertainty and movements in the US dollar and bond yields. Any fresh escalation in global tensions could continue to affect demand for traditional safe-haven assets.
Leave A Comment