Gold Surges as Iran-US Tensions Ease, Dollar Weakens

Gold prices surged by over Rs 1,100 on July 27, 2026 as tensions between Iran and the US showed signs of easing. The decrease in hostilities led to lower oil prices, which in turn reduced inflation concerns.

The US Dollar Index also weakened, making dollar-denominated gold cheaper for buyers using other currencies.

Investors are now focused on the outcome of the US Federal Reserve's policy meeting on July 29. The central bank is expected to maintain its current interest rates, but traders will closely monitor Fed Chair Kevin Warsh's comments for clues on inflation and future rate trajectory.