Gold prices in the national capital were down for the third consecutive trading session on Wednesday due to the sluggish domestic demand scenario. Gold witnessed a decrease of Rs. 100 to Rs. 1,58,000 per 10 grams. In the last trading session, the rate of 99.9 percent purity gold stood at Rs. 1,58,100 per 10 grams.

On the other hand, silver continued to follow an uptrend pattern. Silver witnessed an increase of Rs. 2,300 to Rs. 2,43,400 per kg. The above-mentioned rate includes taxes. Silver closed at ₹2,41,100 per kilogram in the last trading session. This was mentioned in a press release issued by All India Sarafa Association.

As per Saumil Gandhi, Senior Analyst – General Metals, HDFC Securities, important inflation numbers from the United States are expected this week. According to him, investors have adopted a cautious stance and therefore, gold prices remain range-bound. Further adding, rising oil prices have raised concerns about the inflation scenario. Amid growing tensions in West Asia, rising cost of energy will only add to the inflation worries. According to Gandhi, higher energy prices could increase inflation and strengthen expectations of prolonged high interest rates. This could also impact bullion like gold.

Spot gold prices in the international market rose by $43.67, or nearly one percent, to $4,399.22 per ounce. Silver also rose by nearly one percent, reaching $66.25 per ounce. Praveen Singh, Head of Commodities at Mirae Asset Sharekhan, said spot gold has seen a recovery after the recent decline. The market is now focused on US Treasury Secretary Scott Bessant's announcement regarding the long-term debt repurchase plan.

According to Manav Modi, Commodities Analyst at Motilal Oswal Financial Services, investors are now focused on US Producer Price Index (PPI) and Consumer Price Index (CPI) data. These figures will be crucial in understanding the inflation situation and the potential direction of the Federal Reserve's interest rate in September.

Gold prices in the national capital were down for the third consecutive trading session on Wednesday due to the sluggish domestic demand scenario. Gold witnessed a decrease of Rs. 100 to Rs. 1,58,000 per 10 grams. In the last trading session, the rate of 99.9 percent purity gold stood at Rs. 1,58,100 per 10 grams.

On the other hand, silver continued to follow an uptrend pattern. Silver witnessed an increase of Rs. 2,300 to Rs. 2,43,400 per kg. The above-mentioned rate includes taxes. Silver closed at ₹2,41,100 per kilogram in the last trading session. This was mentioned in a press release issued by All India Sarafa Association.

As per Saumil Gandhi, Senior Analyst – General Metals, HDFC Securities, important inflation numbers from the United States are expected this week. According to him, investors have adopted a cautious stance and therefore, gold prices remain range-bound. Further adding, rising oil prices have raised concerns about the inflation scenario. Amid growing tensions in West Asia, rising cost of energy will only add to the inflation worries. According to Gandhi, higher energy prices could increase inflation and strengthen expectations of prolonged high interest rates. This could also impact bullion like gold.

Spot gold prices in the international market rose by $43.67, or nearly one percent, to $4,399.22 per ounce. Silver also rose by nearly one percent, reaching $66.25 per ounce. Praveen Singh, Head of Commodities at Mirae Asset Sharekhan, said spot gold has seen a recovery after the recent decline. The market is now focused on US Treasury Secretary Scott Bessant's announcement regarding the long-term debt repurchase plan.

According to Manav Modi, Commodities Analyst at Motilal Oswal Financial Services, investors are now focused on US Producer Price Index (PPI) and Consumer Price Index (CPI) data. These figures will be crucial in understanding the inflation situation and the potential direction of the Federal Reserve's interest rate in September.