On August 5, bullion markets opened higher as traders noted that US‑Iran tensions stayed calm, putting downward pressure on oil and the US dollar. This calm backdrop helped lift gold and silver prices.
International spot gold edged up 0.59% to $4,177.30 per ounce, and silver gained 0.84% to $60.75 per ounce during the morning trade on the Comex exchange.
Domestically, the spot gold price closed the previous Tuesday (Aug. 4) at Rs 1,42,148 for 10 grams. The October futures contract rose 0.78% to Rs 1,45,424 per 10 grams.
Silver futures for the September contract climbed 1.05% to Rs 2,23,949 per kilogram as of 10:32 IST, up from the prior close.
Investors are now watching upcoming US non‑farm payrolls, unemployment data, and other employment figures that could shape the Federal Reserve’s interest‑rate outlook and influence the US dollar’s trajectory.
Domestic gold prices will also move in tandem with rupee fluctuations, alongside global bullion trends.
Gold prices differ across cities, so local rates for 10‑gram pieces of 24‑karat, 22‑karat, and 18‑karat gold can vary today.