On Monday, gold prices declined marginally below important levels as caution set in ahead of crucial U.S. inflation data and a Federal Reserve meeting this week. Copper prices also suffered from uncertainties related to the rise in COVID-19 cases in China. The statistics released last week showed that U.S. producer price inflation continued to decline…
Early on Saturday, the price of gold increased by Rs 280 per 10 kilos (24-carat) to reach 54,280. On the other side, silver prices today increased by Rs 1,400 per kilogramme to Rs 67,600 per kg. According to the GoodReturns website, ten grammes of 22-karat gold are currently trading at Rs 49,750, up Rs 250…
Gold rate was positive on Thursday as a result of positive global trends, while the silver rate was up 1.16%. The price of gold December futures on the Multi Commodity Exchange was up Rs 244 or 0.47% at Rs 52,695 for a ten-gram contract. Silver December futures were trading Rs. 715 higher at Rs. 62,345…
The price of gold remained stable on Wednesday, while copper continued to advance strongly as risk-driven assets rose on predictions that the Federal Reserve will raise interest rates more gradually going forward, which also limited dollar gains. The Federal Reserve is expected to raise interest rates in December by a very narrow margin of 50…
Gold prices slightly declined on Monday from a three-month high reached in the previous session as the dollar and U.S. government yields increased in response to a top U.S. central banker’s warning that the Federal Reserve is not yet “softening” its fight against inflation. After reaching its highest level since August 18 on Friday, spot…
While U.S. Federal Reserve Chair Jerome Powell’s hawkish comments restrained additional gains in zero-yielding bullion, gold prices crept up on Thursday in the foreign markets, helped by a modest decline in the dollar.After losing 0.8 percent on Wednesday, spot gold increased 0.2 percent to $1,638.32 per ounce. U.S. gold futures decreased 0.6 percent to $1,640.70….
The price of gold was unchanged on October 28 in the international markets, but it was on track to post gains for a second straight week as dismal U.S. economic data fueled hopes that the Federal Reserve could slow its aggressive pace of raising interest rates starting in December. The price of spot gold was…
As the dollar and U.S. bond yields fell on Wednesday, gold prices increased to a two-week high on speculation that the Federal Reserve might tone down its hawkish policy of rate hikes from December. After reaching its highest level since October 13, spot gold increased by 1% to $1,669.22 per ounce. At $1,673.80, U.S. gold…
Considering that this asset class offers considerable diversification from conventional equities and debt investments, the custom of purchasing gold for Diwali appears to have been carefully considered. Gold is a haven in unstable economic times. Along with being a hedge against inflation, it can also provide some protection against rupee devaluation, which is particularly important…
Gold prices remained at a three-week low on Thursday, under pressure from the strengthening dollar and rising Treasury yields amid concerns that the Federal Reserve will continue to raise interest rates dramatically. At the morning spot, gold was down 0.1% to $1,627.04 per ounce. Prior to this, prices dropped to $1,624.98—their lowest level since September…
