Domestic bullion markets were closed today. However, global gold prices rose today, a day after US inflation data suggested the Federal Reserve might reduce interest rates next month. Gold gained 0.5% to 2,460.38 dollars per ounce, just $23 shy of the record high of 2,483.6 dollars reached last month.

A low interest rate environment tends to boost non-yielding bullion’s appeal.

Silver gained 2 per cent to 28.15 dollars per ounce.