Spot gold prices surged to 4,065 dollars per ounce in international bullion markets as investors anticipated upcoming monetary policy decisions from major central banks.
Commodity traders attributed the price rally to heightened demand for safe-haven assets amidst crude oil price volatility and shifting global interest rate expectations.
Financial analysts noted that precious metal values remain supported by central bank gold accumulation and currency diversification trends globally.
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Sources:
https://timesofindia.indiatimes.com/business/india-business/gold-price-prediction-today-where-are-gold-rates-headed-on-july-28-2026-and-in-the-near-term-mcx-gold-silver-prices/articleshow/132677801.cms