Spot gold experienced a rise of 0.8%, reaching $2,320.95 per ounce by 1503 GMT. Additionally, U.S. gold futures for June delivery saw an uptick of 0.9%, reaching $2,329.70 per ounce.
The upcoming release of the U.S. core personal consumption expenditure (PCE) price index report, scheduled for Friday, holds significance for investors as it provides insights into the Federal Reserve s policy direction.
At 1306 GMT, spot gold saw a 0.5% increase, reaching $2,175.21 per ounce, while silver also experienced a 0.5% uptick to $24.78. U.S. gold futures rose by 0.8% to $2,177.00.
Gold and Silver Price in India Today: The global demand for gold and silver plays a significant role in determining their prices. As these metals are considered safe assets, their prices tend to rise during times of economic uncertainty or geopolitical tensions. Conversely, prices may drop during times of economic stability and growth.
Gold and silver prices in India: The rates of gold and silver in India depend on several factors, including the value of the rupee against the dollar. Global demand also plays a key role in determining the trends observed in the rate of precious metals.