{"id":45967,"date":"2026-08-07T03:24:31","date_gmt":"2026-08-06T21:54:31","guid":{"rendered":"https:\/\/banitoday.com\/gold-silver-rate-today-highlights-yellow-metal-hits-seven-week-high-as-oil-prices-lift-demand\/"},"modified":"2026-08-07T03:24:31","modified_gmt":"2026-08-06T21:54:31","slug":"gold-silver-rate-today-highlights-yellow-metal-hits-seven-week-high-as-oil-prices-lift-demand","status":"publish","type":"post","link":"https:\/\/banitoday.com\/hi\/gold-silver-rate-today-highlights-yellow-metal-hits-seven-week-high-as-oil-prices-lift-demand\/","title":{"rendered":"Gold, Silver Rate Today Highlights: Yellow metal hits seven-week high as oil prices lift demand"},"content":{"rendered":"
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Gold prices extended their gains for a fourth consecutive session on Thursday, touching a seven-week high as weaker oil prices, a softer US dollar and lower US Treasury yields lifted demand for the safe-haven metal amid growing optimism over the reopening of the Strait of Hormuz.<\/p>\n
The rally followed modest gains on Wednesday, when a weaker dollar supported bullion prices as investors awaited key US labour market data for clues on the Federal Reserve’s interest rate path.<\/p>\n
On Wednesday, spot gold rose 0.1% to $4,081.09 per ounce, while US gold futures slipped 0.4%. Investors are closely watching the July non-farm payrolls report due on Friday, along with the ADP employment data, while also tracking developments in the US-Iran conflict and oil prices for their potential impact on inflation and the Fed’s policy outlook.<\/p>\n
(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)<\/p>\n<\/div>\n