Gold prices reached record highs on Wednesday due to a weaker dollar and an escalated Middle East conflict. Spot gold held steady at $2,658.07 per ounce, while gold futures edged 0.2% higher to $2,682.60. The dollar was down 0.2%, making greenback-priced bullion less expensive for other currency holders. This data raised hopes that the U.S….
Gold prices reached record highs on Monday due to the U.S. Federal Reserve’s interest rate cut and signs of further reductions. Spot gold remained near $2,619.37 per ounce, while U.S. gold futures edged 0.1% lower to $2,643.90. The Fed began easing monetary policy with a half-percentage-point rate cut on Wednesday, forecasting a further half-point reduction…
Gold prices fell slightly in Asian trade on Tuesday, but remained close to record highs amid growing confidence that the Federal Reserve will cut interest rates by a wide margin this week. Spot gold fell 0.2% to $2,578.03 an ounce, while gold futures expiring in December fell 0.1% to $2,605.05 an ounce. The dollar fell…
Gold prices fell by 0.8%, settling at 71,611 INR per 10 grams due to strengthening U.S. dollar and Treasury yields following inflation data. However, gold ended the week positively due to anticipation of a potential interest rate cut by the U.S. Federal Reserve in September. The personal consumption expenditures price index rose by 0.2% in…
As the dollar and Treasury rates declined in response to remarks made by the chair of the Federal Reserve that suggested an interest rate cut in September, gold prices increased by more than 1% on Friday. Although it was down from Tuesday’s record high of $2,531.60, spot gold increased 1.2% to $2,512.63 per ounce. US…
Tuesday’s opening price for the gold October futures contracts at MCX was Rs 71,513 per 10 grams, down 0.1% or Rs 71, while the silver September futures contracts were trading at Rs 84,426/kg, up 0.1% or Rs 88. Over the past three days, there has been a gain of roughly Rs 1,400/10 gram in gold…
Keeping up with the strong trend in the global markets, gold rates in the futures market may reach a new high of ₹68,350 per 10 grams. On Tuesday, when the U.S. dollar fell, gold for March delivery saw a high of ₹68,700 and a low of ₹68,210. The near-month price of the February gold contract…
The Reserve Bank of India’s decision to permit Indian companies to hedge their gold price risk on recognized exchanges in the International Financial Services Centre (IFSC) will increase liquidity in bullion derivatives traded on the NSE International Financial Service Center and the India International Exchange, both of which are promoted by the BSE. Additionally, the…
