Bullion Prices Firm Ahead of US CPI Data
Bullion prices remain firm in early trade on August 13 as investors await fresh macroeconomic triggers. International spot gold traded 0.02 percent down to $4,466.40 per ounce, while silver was down 0.34 percent at $65.47 per ounce from its previous close during the morning trade on Comex.
The domestic spot gold closed the Wednesday (Aug. 12) session at Rs 1,52,939 per 10 grams and silver at Rs 2,38,008 per kilogram. The key focus this week will be on US CPI data, which will be crucial for shaping the Federal Reserve’s policy outlook and expectations around the future interest-rate path.
A softer inflation reading could support gold, while a higher-than-expected CPI may trigger some profit booking through a stronger dollar and higher yields. The price of 10 grams of 24-karat, 22-karat, and 18-karat pure gold varied among cities, with the prices moving in line with international trends.