Gold Prices Rebound Amid Elevated Yields, Indian Equities Remain Subdued
Gold prices have rebounded by 1.62% after recent pressure, according to data from Aetram Group. The precious metal stabilized near multi-week lows, with international spot gold closing at $4,182.24 per ounce on September 29.
Aetram India Research observed that the recovery reflected renewed demand at lower levels, although elevated U.S. Treasury yields and expectations surrounding Federal Reserve policy continued to restrict broader momentum.
The U.S. 10-year Treasury yield closed near 5.255%, after reaching 5.293% during the session. MCX Gold also strengthened, closing at ₹149,712 compared with the previous close of ₹146,513, representing a 2.18% rise.
Indian equities, meanwhile, ended moderately lower after a volatile session. The Sensex closed at 72,529.07, down 0.33%, while the Nifty 50 settled at 22,716, declining 0.28%. Bank Nifty closed at 54,259.95, lower by 0.39%.