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Commodities

Gold Prices Soar Over 1% on Easing Inflation Concerns

Guavy AI Editorial Team
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Oil Gold
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Gold prices rose over 1% on Monday (July 27), driven by easing inflation concerns, falling crude oil prices, and expectations of a less aggressive interest rate outlook.

The spot gold price jumped 1.4%, increasing by around $56 to trade at $4,108.44 per ounce as of 6:35 am IST.

On the Multi Commodity Exchange (MCX), gold was trading 0.51% higher at Rs 1,43,830 per 10 grams, while silver was trading 1.04% higher at Rs 2,24,451 per kg.

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