Commodities
Gold Bounces Back Amid US Inflation Fears and Fed Decision Looms
On Thursday morning, gold and silver prices traded mixed on the Multi Commodity Exchange as investors remained cautious ahead of US inflation readings and the Federal Reserve's September policy decision.
The yellow metal reversed course and climbed to an intraday high after a weak opening at Rs 1,53,581 per 10 grams, down Rs 182, or 0.11 percent.
Gold traded at Rs 1,54,177, gaining Rs 414, or 0.27 percent, as international bullion prices rose and the softer dollar supported demand.
Silver, however, remained under pressure, falling to Rs 2,42,726 per kg after touching an intraday high of Rs 2,44,265, up Rs 52, or 0.02 percent.