Delhi gold rises Rs 400 to Rs 1,48,500 per 10 grams as value buying returns
AI Market Summary
Domestic gold and silver rebounded on value buying after bullion hit a one-week low, aided by a third straight session of dollar index weakness, which improves relative appeal for precious metals. However, international spot gold slipped, highlighting mixed near-term signals. Traders are focused on US-Iran diplomatic developments and next week's US CPI print, both key inputs for Fed rate expectations and cross-asset volatility.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT+0.12%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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Gold in Delhi rose Rs 400 on Friday to Rs 1,48,500 per 10 grams, while silver jumped Rs 5,000 to Rs 2,37,000 per kilogram. The move was supported by bargain hunting after gold hit a one-week low and by a US dollar index that weakened for a third straight session. In international markets, spot gold slipped 0.43% to $4,106.25 per ounce, with analysts pointing to US-Iran diplomacy and upcoming US CPI data as key drivers for prices.
