Gold prices extended their decline for a fourth straight session on Friday, with MCX October futures falling to Rs 1,58,100 per 10 grams. Prices have dropped 3.25% in four sessions as investors assess US monetary policy and market signals.
Gold prices rose 0.86 per cent weekly as weaker US economic data strengthened expectations of steady Federal Reserve interest rates. MCX gold and silver also gained, while crude oil remained volatile amid Middle East tensions and developments around the Strait of Hormuz
Gold prices gained 4.73 per cent during the week as a weaker US dollar, falling Treasury yields and softer-than-expected labour data reduced expectations of further Federal Reserve rate hikes. Gold climbed to a seven-week high following the jobs report
Gold prices in Hyderabad surged past Rs 1.10 lakh per 10 grams on Tuesday amid festive demand and global cues. Delhi touched a record Rs 1.12 lakh, while silver soared by Rs 2,800 to reach Rs 1.28 lakh per kg
