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Commodities

Gold Prices Rise Over 1% Internationally Amid Oil Price Drop

Guavy AI Editorial Team
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Oil Gold
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Gold prices in India rose on July 27, following an increase in international markets. The global market saw gold prices rise over 1% as a pause in Middle East hostilities led to lower oil prices and alleviated inflation concerns.

The price of spot gold increased by 1.4% to $4,110.56 per ounce at 0200 GMT, while US gold futures gained 1% to $4,112.10.

According to the MCX market update, gold rates in India were trading 0.51% higher at ₹144,520 per 10 grams on July 27.

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