+ 64.42
-27.15
+ 267.00
-4,463.00
-2,667.00
+ 64.42
-27.15
-27.15
+ 267.00
+ 267.00
-4,463.00
Updated - June 10, 2026 at 09:45 AM.
Gold prices fell more than 1 per cent on Wednesday, as oil prices rose on renewed hostilities between the U.S. and Iran, fuelling concerns about inflation and interest rate hikes.
While gold is seen as a hedge against inflation, higher interest rates tend to weigh on the non-yielding metal. *
Markets are awaiting key U.S. inflation reports this week, including the May Consumer Price Index data, due later in the day, and the Producer Price Index reading on Thursday, to assess the Fed's monetary policy stance.
India's sharp increase in gold import tariffs is fuelling a resurgence in smuggling that could exceed 100 metric tons this year, as soaring grey market margins allow smugglers to undercut banks and refiners of the precious metal.
Spot silver fell 1.4 per cent to $64.48 per ounce, platinum lost 1.5 per cent to $1,700.38, and palladium fell 0.8 per cent to
Published on June 10, 2026
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