Gold Prices Edge Higher as Market Awaits Key US Economic Data
Gold prices showed modest gains in early trading on October 5, 2026, with international spot gold inching up 0.47% to near $4,160 per ounce. US gold futures also rose 0.65%, trading close to $4,190 per ounce. Meanwhile, domestic spot gold closed the previous Friday at Rs 1,47,770 per 10 grams, while silver stood at Rs 2,21,443 per kilogram. MCX gold futures for December 4 delivery held steady at Rs 1,50,250 per 10 grams, with silver futures increasing 0.82% to Rs 2,25,545 per kilogram, suggesting buying interest at lower levels.
The market's focus is now shifting to key US economic data releases, including the Core PCE Price Index, unemployment data, and Nonfarm Payrolls. These figures could significantly influence expectations around the Federal Reserve's monetary policy path. Analysts and investors are closely monitoring these indicators for potential shifts in the economic outlook.
Gold prices vary across different cities, with specific rates available for 24K, 22K, and 18K purity. Similarly, the price of 1 kilogram of silver of 999 purity has also been tracked. The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Users are advised to consult certified experts before making any investment decisions.