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Outlook Business

India gold rebounds to ₹1.47 lakh per 10 grams as softer dollar lifts bullion

AI Market Summary
Gold and silver rebounded as spot bullion rose alongside a softer US dollar, with the dollar's pullback linked to a less hawkish Fed tone and yen strength amid suspected BoJ intervention. The setup reinforces near-term support for precious metals via easing rate-hike fears and currency effects. Focus now shifts to US nonfarm payrolls, which could drive volatility in both USD and bullion.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT+2.73%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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India’s gold price rebounded on Thursday to ₹1.47 lakh per 10 grams and silver rose to ₹2,40,000 per kilogram, tracking gains in international markets and a weaker US dollar. Spot gold climbed 1% to $4,070.04 per ounce, while silver added 1.3% to $59.89 per ounce. Analysts said a less hawkish tone from US Federal Reserve Chair Kevin Warsh and a firmer Japanese yen helped pull down the US dollar index.
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