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Commodities

Indian Gold Prices Surge Amid US-Iran Tensions and Weaker Dollar

Guavy AI Editorial Team
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Oil Gold
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The price of gold in India rose by 0.52%, or ₹790, to around ₹1,54,080 per 10 grams on Tuesday, September 8.

This increase comes amid escalating tensions between the US and Iran, a weaker US dollar, and concerns over oil supply disruptions that have supported demand for gold as a safe-haven asset.

On the Multi Commodity Exchange (MCX), gold futures were trading around ₹1,53,727 per 10 grams, up 0.47%, at about 10:48 am on Tuesday.

The retail rates of gold vary slightly between cities and jewellers due to local taxes, premiums, and other charges.

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