Gold Prices Fall as Investors Take Cautious Approach Ahead of US Inflation Data

New Delhi's gold market is seeing a decline for the third straight session. Prices fell by Rs 100 to Rs 1,58,000 per 10 grams on Wednesday due to subdued demand in local markets.

This follows a trend of gold remaining within a narrow range as investors take a cautious approach ahead of US inflation data set to be released later this week.

Gold prices have been volatile, and their recent losses have led traders to await US Treasury Secretary Scott Bessent's announcement on the long-term debt buyback programme. However, attention now shifts firmly to US PPI and CPI data, crucial in determining whether inflationary pressures justify a September Fed hike.