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The Economic Times
The Economic Times
Debaroti Adhikary

Gold rebounds above Rs 1.58 lakh/10 grams as US bond yields decline. What lies ahead?

Gold United States John Paulson MCX US Treasury Christopher Wood the US Treasury

Gold prices rose on the MCX on Thursday as US Treasury yields fell sharply and the dollar remained subdued following a surprise liquidity support announcement by the US Treasury.

Gold futures for October delivery on the MCX rose Rs 447 per 10 grams to Rs 1,58,443 on Thursday morning. December contracts jumped above Rs 1.6 lakh per 10 grams, while February contracts traded above Rs 1.62 lakh per 10 grams.

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