Despite the metal’s bearish worldwide indications, the local gold rate is marginally in the green on Monday, while the domestic silver rate is down 0.24%. Gold April futures were up Rs 23 or 0.04% on the Multi Commodities Exchange, trading at Rs 59,406 per 10 kilos. At Rs 68,336 per kg on the MCX, silver…
Ravindra V Rao, VP-Head Commodity Research at Kotak Securities, said Investors were paralyzed by fear this week as the banking crisis moved from the U.S. to Europe, raising concerns about contagion in the international financial markets. The U.S. regulators announced plans to reduce systemic risk at the beginning of the week in a joint statement…
The dollar weakened on Friday as data revealed that weekly U.S. unemployment claims increased more than anticipated, raising hopes that a deteriorating labour market could lead to less-aggressive rate hikes from the Federal Reserve. Following a session-high increase of more than 1%, spot gold was up 0.1 percent at $1,832.59 per ounce. US gold futures…
The government increased the import tax on silver bars, dore (the unprocessed form of silver), and other items to match and platinum from 9.21 percent to 14.35 percent. The government raised the import tax on gold bars and gold dore around the end of last year. In order to close the duty gap, it was…
As the dollar dropped on Tuesday and investors awaited US economic data in the expectation that the Federal Reserve would raise interest rates more gradually, gold prices moved up on the world markets. The yellow metal continued to experience an upsurge in the session after the previous week’s close, finishing with 0.25 percent gains. Investors…
Following a significant increase the day before, gold prices were around a six-month high on Wednesday as markets anticipated an interest rate increase from the Federal Reserve later in the day as well as their comments on lessening inflationary pressures. As evidence that price pressures in the nation have peaked and are expected to retreat,…
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 prices edged up on December 5 in the international markets and hovered near the key $ 1,800 level, as a softer U.S. dollar made the greenback-priced bullion cheaper for buyers holding other currencies. spot gold increased 0.1 percent to $1,800.02 per ounce. In the previous session, prices rose to $1,804.46—their highest level since August 10. At…
In the previous week, silver prices dropped 5% to $20.8 an ounce, continuing their downward trend from a five-month high of $21.7 on November 14. However, given that silver output has fallen into a shortfall compared to demand, the metal’s prices, which have fallen 10.3 percent year to date, are anticipated to rise. The Silver…
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…
