BusinessMCX Gold Hits Rs 1.47 Lakh Amid Rising Yields and Oil Prices
On October 1, MCX gold October futures rose 1.02% to Rs 1,47,649 per 10 grams, supported by higher oil prices and government bond yields. Spot gold increased 0.43% to $4,175, while silver futures also gained. The 10-year US Treasury yield reached its highest since 2002, impacting gold prices. Oil volatility due to US-Iran tensions raised inflation concerns, influencing Federal Reserve rate hike expectations.
NDTV Business·


