Gold Futures Drop: US Payrolls Data & Interest Rate Outlook

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Sep 04, 2026 14:40

Gold futures declined by Rs 431, snapping a two-day rally, as investors await the US nonfarm payrolls report for clues on Federal Reserve's interest rate outlook.

Gold Futures Drop: US Payrolls Data & Interest Rate Outlook

Photograph: Arnd Wiegmann/Reuters

Key Points

Gold futures fell by Rs 431 to Rs 1.55 lakh/10g, ending a two-day rally.
The decline is due to profit-taking and investor caution ahead of key US data.
Investors are awaiting the US nonfarm payrolls report for Federal Reserve interest rate outlook.
Comex gold futures also saw a marginal slip in international markets.

New Delhi, Sep 4 (PTI) Snapping the two-day rally, gold prices dropped by Rs 431 to Rs 1.55 lakh per 10 grams in futures trade due to investor caution ahead of the US nonfarm payrolls data.

On the Multi Commodity Exchange, the yellow metal futures for October delivery declined Rs 431, or 0.28 per cent, to Rs 1,55,344 per 10 grams.

Traders said the decline was largely due to profit-taking after recent gains, while investors remained cautious ahead of the US Nonfarm Payrolls report, which could provide fresh cues on the Federal Reserve's interest-rate outlook.

In the international markets, Comex gold futures for the December contract slipped marginally to USD 4,528.54 per ounce in New York.

"Market participants are awaiting the US nonfarm payrolls report, which could determine the next move in the dollar, treasury yields and precious metals," said Gaurav Garg, Head of Research at brokerage platform Lemonn.

Source: PTI By Rediff Money Desk, New Delhi

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