Gold Prices Surge Amid Weak Dollar, Easing Geopolitical Tensions
Gold prices surged on Monday, July 27, 2026, as a weak US dollar in overseas markets and easing geopolitical tensions boosted demand in physical markets. The price of gold futures for August delivery traded higher by Rs 984, or nearly 1 per cent, to Rs 1,44,090 per 10 grams on the Multi Commodity Exchange.
The yellow metal contracts also rose by Rs 2,200, or 1.6 per cent, to close at Rs 1.43 lakh per 10 grams during the last week. The increase in gold prices came as investors increased buying following a temporary pause in Washington-Tehran hostilities and ahead of this week's US Federal Reserve interest policy decision.
Market analysts say that the weaker oil prices helped reduce near-term inflation fears, even as uncertainty surrounding global trade persisted following the US decision to impose fresh tariffs of 10-12.5 per cent on imports from several trading partners.