Gold prices fell 0.2% to ₹96,704 per 10 grams after weaker-than-expected US inflation data. Core inflation was 2.8% in May, while headline inflation was 2.4%, lower than the expected 2.5%. This led many traders to book profits. However, the low inflation has increased expectations that the US Federal Reserve may cut interest rates in early…
Gold prices rose 0.88% to close at ₹98,579 today as investors turned more cautious after a series of weak economic reports from the US. The latest jobs report (JOLTS) showed that 7.39 million jobs were added in April. While the figure was higher than expected, it still showed uncertainty in the job market. Comments from…
Many Indians now find it difficult to afford the precious metal as gold prices have increased by more than 40% and 70% in the past 24 months. Fear of missing out, or FOMO, is making more expensive gold accessible. As part of your overall financial plan, you must continue accumulating gold over time to prevent…
Gold prices fell marginally to ₹95,536 as many traders decided to book profits after recent gains. The recovery in the US dollar index after three days of decline also contributed to the small decline. Even with the decline, the long-term outlook for gold remains strong. Concerns about the US economy, especially after Moody’s downgraded the…
The price of gold has risen dramatically over the past two to three years; it is currently trading at $3,200 on the global market, up 77% from its most recent low of $1,820 in November 2022. In just one month, gold prices in India have dropped by about 7%, with an all-time high of Rs…
In India, purchasing gold on Akshaya Tritiya is a long-standing custom that combines good fortune and faith. With an estimated 24,000 tonnes of gold, Indian families are the greatest single owners of the precious metal worldwide. Today’s gold rate in India is Rs 95,500, reaching an all-time high of Rs 1 lakh on April 22….
Gold prices are witnessing a slight decline on the eve of Akshaya Tritiya on 30.4.2025. This is fueling the interest in buying gold among the people. As trade tensions between the US and China eased, gold prices fell significantly by 0.96% to close at 94,992. When Beijing decided to waive 125% taxes on some US…
A stronger US dollar, which touched its highest level since March 4 at 104.3, led gold prices to fall 0.57% to settle at ₹87,278, its lowest since March 4. Traders priced in a rate cut of about 63 basis points for 2024 after the Federal Reserve’s stance on deferring interest rate hikes due to economic…
Following the record high, gold prices eased 0.14% to close at ₹88,602 on profit booking. With two rate cuts expected in 2025, the US Federal Reserve decided to keep interest rates unchanged at 4.25–4.5%. At the same time, economic growth has slowed and inflation is rising. China’s official gold reserves rose to 2,290 tonnes, or…
Gold prices closed down -0.02% to 86,010 following recent developments fueled by US President Donald Trump’s tax threats and concerns over rising inflation risks. Continued geopolitical tensions between Russia and Ukraine are further boosting demand for gold. The Chinese gold market improved in January as the People’s Bank of China (PBoC) bought gold for the…
