Commodities
Gold Prices Surge Amidst US-Iran Conflict Uncertainty
Gold prices in India's retail market rose on Thursday, September 3, amidst ongoing uncertainty over the US-Iran conflict.
The price of gold increased due to a softer dollar and lower Treasury yields, which made greenback-priced metals less expensive for holders of other currencies.
Spot gold rose 0.5% to $4,409.97 per ounce, while US gold futures gained 0.9% to $4,455.30.
In India, both 24-karat and 22-karat gold rates showed a marginal increase across major cities due to the developments in international markets.