Gold Prices Edge Higher on Aug 21 as US Treasury Yields Fall
NEWZA Editorial Team••Source: MoneyControl
NEWZAFinancial Intelligence Feed
⚡ Key Financial Takeaways
COMEX gold futures up 0.32% to $4,586/oz on Aug 21
MCX October gold futures rose 0.17% to Rs1,59,700 per 10g
Bullion supported by weaker dollar and falling US Treasury yields; near‑term MCX range Rs1,57,000–Rs1,59,500
Global Gold Market\nGold futures on the COMEX climbed 0.32% to $4,586 per ounce as US Treasury yields fell sharply and the dollar weakened. Silver also gained 1.02% to $68.80 per ounce, reflecting broader demand for precious metals. The rally was bolstered by US bond purchases that injected liquidity and dampened dollar strength, while crude prices rose and geopolitical tensions with Iran added uncertainty.\n\n## Domestic Indian Gold Prices\nOn the MCX, the October gold futures edged up 0.17% to Rs 1,59,700 per 10 grams, and the September silver contract rose 0.52% to Rs 2,44,500 per kilogram. Spot gold on the MCX recovered to Rs 1,56,603 per 10 grams, with 24‑karat, 22‑karat and 18‑karat gold moving in line with global trends. The domestic market remains buoyant, supported by the weaker dollar and steady demand from jewelry and investment buyers.\n\n## Analyst Outlook\nJateen Trivedi, VP Research Analyst at LKP Securities, noted that bullion will stay positive as long as it holds above key support levels. He projected a near‑term MCX range of Rs 1,57,000 to Rs 1,59,500, warning that a sharp move could trigger profit‑booking at higher levels. Investors should monitor dollar movements and US Treasury yields for further cues.
