Gold Futures Climb to ₹1.44 Lakh per 10 Grams as Dollar Weakens Ahead of Fed Decision
AI Market Summary
Gold futures advanced as a softer US dollar boosted demand ahead of this week's Federal Reserve policy decision and upcoming remarks from Chair Kevin Warsh. Comex August gold rose nearly 1% to about $4,087/oz, while local futures climbed to ₹1.44 lakh per 10g. Although the reported US-Iran pause eases immediate geopolitical risk, policy uncertainty and FX dynamics are supporting near-term bullion flows.
Impact level
● High
Affected assets
NCCOGOLD2USD/USDT+0.15%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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Gold futures advanced on July 27, with domestic contracts rising to ₹1.44 lakh per 10 grams, supported by a softer US dollar and a pause in US-Iran military action. On the New York Mercantile Exchange (Comex), the August gold contract gained nearly 1% to $4,087.69 an ounce. Investors are now watching this week's Federal Reserve policy decision and remarks from Chair Kevin Warsh. A weaker dollar index, alongside easing geopolitical risk, helped lift demand for the metal.