Commodities
Indian Gold Prices Rebound Amid Global Market Volatility
The Indian gold market saw a rebound on Friday after a sharp decline in the previous session. Gold prices recovered, with 24K gold rising ₹120 per gram to ₹1,55,510 per 10 grams.
This recovery came as international gold prices also bounced back, with spot gold increasing 0.7% to $4,346 an ounce after falling nearly 2% in the previous session.
Markets are closely watching the latest US inflation data, which could provide clues about the Federal Reserve's next policy move and its potential impact on gold prices.
Oil prices have also been a major factor influencing gold markets, with Brent crude briefly climbing to $110 per barrel before easing to around $105.90 amid ongoing Middle East supply and shipping concerns.