Tag: Physical Gold

Gold Prices Sink 2.88% as US Inflation Fuels Fed Rate Hike Bets

Bullions Updates
Bullions Updates

Gold prices experienced a significant decline of 2.88%, closing at Rs 138,485. This drop was influenced by increasing prices and stronger-than-anticipated US inflation data, which bolstered expectations for additional monetary tightening by the Federal Reserve. US inflation accelerated in September, Read More …

Gold Drops as Robust US Jobs Data Boosts Dollar

Bullions Updates
Bullions Updates

Gold prices settled sharply lower by 1.93% at Rs 152,767, influenced by stronger-than-anticipated U.S. employment data that heightened expectations of a Federal Reserve interest-rate increase as soon as September. U.S. job growth accelerated significantly in August, while the unemployment rate Read More …