Gold Above Rs 1.58 Lakh per 10 Grams on MCX, Silver Surges by over Rs 4k Amid Decline in US Bond Yields

Gold rises ₹264 to ₹1.58 lakh/10g on weak US dollar

On the MCX, October gold futures rose by ₹264, or 0.17%, to ₹1,58,260 per 10 grams in a business turnover of 10,450 lots

Gold above Rs 1.58 lakh per 10 grams on MCX, silver surges by over Rs 4k amid decline in US bond yields

MCX Gold opened at Rs 1,58,008 and is trading near Rs 1,58,499, up by 0.32 per cent, extending its breakout to fresh highs after clearing the Rs 1,58,000 zone in the previous session.

Gold rebounds above Rs 1.58 lakh/10 grams as US bond yields decline. What lies ahead?

Gold prices rose above Rs 1.58 lakh per 10 grams on the MCX as US Treasury yields fell and the dollar remained subdued following increased liquidity support. With geopolitical uncertainty, crude prices and upcoming US economic data in focus, analysts expect gold to remain volatile while long-term demand stays supportive.

Gold and silver prices rise on MCX amid a softer dollar, decline in the US bond yields

MCX gold October futures were 0.33% up at ₹1,58,521 per 10 grams, while MCX silver September contracts were 1.29% up at ₹2,39,850 per kg around 9:45 AM.