Gold Prices Rise Amid US-Iran Tensions and Safe-Haven Demand
Gold prices rose on August 26 as developments between the US and Iran fueled safe-haven demand. The COMEX gold futures saw a gain of 0.46% to $4,716.30 per ounce during morning trade.
The domestic MCX futures for October contract closed the previous session with a 0.09% increase to Rs 1,63,029 per 10 grams. Silver prices also surged, with the September contract rising 0.08% to Rs 2,44,328 per kilogram.
The LBMA spot gold price stood at $4,615.45 per ounce in the PM fixing on August 25. The domestic spot gold on MCX saw a surge towards Rs 1,61,657 per 10 grams during this time.