Gold extends gains on lower oil prices

CAPITALS, (UrduPoint / Pakistan Point News / WAM - 02nd Jul, 2026) Gold prices extended gains on Thursday, benefiting from lower oil prices.

Spot gold rose 0.8 percent to $4,063.56 per ounce, after rising to as much as $4,114.99 per ounce ‌on Wednesday, ⁠its highest ⁠level since 23rd June.

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US gold futures for August delivery inched 0.2 percent lower to $4,075.60.

Spot silver rose 1 percent to $59.76 per ounce, platinum gained 0.4 percent to $1,583.05, and palladium added 1.1 percent to $1,223.80