Commodities Gold inches up as investors discount Fed rate hike Updated : September 27, 2018 02:36 PM IST Spot gold was up 0.1 percent at $1,195.61 an ounce as of 0815 GMT. On Wednesday, the metal touched its lowest since Sept. 11 at $1,190.13 an ounce. Spot gold prices have closed in a range between $1,210 and $1,190 an ounce since August 28. US gold futures were up 0.1 percent at $1,199.90 an ounce. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.