​On the Multi Commodity Exchange (MCX), gold futures for December 4 delivery edged up nearly 2% to Rs 1,45,850 per 10 grams.

​Domestic retail physical gold prices stood at:24K Gold (10 Grams): Rs 148,250,​22K Gold (10 Grams): Rs 135,890,​18K Gold (18K Purity): Rs 111,180

Gold prices rebounded sharply on Thursday, rising over 1% globally as a softening US Dollar provided relief to precious metals following a dip to one-week lows in the previous session. Investors continue to balance strong central bank demand against potential monetary policy moves by the Federal Reserve.

​Spot gold advanced 1.3% to $4,158.63 per ounce, recovering from its lowest level since October 7 hit on Wednesday. US gold futures for December delivery also posted strong gains, climbing 1.8% to $4,180.00 per ounce.

​The recovery comes as market participants assess the likelihood of further Federal Reserve interest rate hikes following recent hot inflation data. While higher interest rates typically create headwinds for non-yielding bullion, analysts highlight underlying structural support.

​Gold continues to find solid longer-term footing driven by robust central-bank purchasing alongside ongoing concerns surrounding US national debt and rising interest servicing costs.