Gold Prices Swings on Hawkish Fed Tone, Rising US Bond Yields

The global gold market saw fluctuations in prices on September 30, driven by various factors. Spot gold rose 1.42% to $4,173 per ounce, while US gold futures increased 0.54% to $4,202 per ounce.

However, the domestic spot gold closed down 0.32% on Tuesday, trading at Rs 1,46,933 per 10 grams. Silver prices remained stable at Rs 2,21,501 per 10 grams.

The bullion market was affected by rising Brent crude futures, which rose to around $108 per barrel before easing to $105 amid the US-Iran conflict. The rupee also hit a two-month low against the dollar on Tuesday.