On October 25, gold prices rose as a result of falling U.S. Treasury yields, but the safe-haven demand for gold began to wane, making further gains difficult. After officials from all around the world tried to defuse the Israel-Hamas conflict, this development occurred. After falling the previous two days, spot gold increased by 0.3 percent…
On Wednesday, gold prices fell as investors gradually retreated into riskier investments, hoping that the risk of the global banking crisis spreading had been temporarily contained. At $1,965.89 per ounce, spot gold was trading 0.4 percent lower. U.S. gold futures decreased 0.3 percent to $1,967.50. According to independent analyst Ross Norman, gold has dropped as…
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…
A safe-haven-fueled rise that had propelled gold prices to their highest level since early February was reversed on Thursday in the global markets. Once Credit Suisse became the latest target for concerns about a banking crisis, traders sought more clarity on the financial industry. Spot gold was down 0.3% at $1,912.48 per ounce after increasing…
Despite conflicting global cues, the gold rate is up today while the silver rate is up 1.21%. Gold April futures were up Rs 465 or 0.83% on the Multi Commodities Exchange, trading at Rs 56,615 per 10 kilos. On the MCX, silver May futures were trading at Rs 63,650 per kilogram, up Rs 760. After…
Monday’s solid U.S. economic statistics fueled concerns that the Federal Reserve will continue raising interest rates to control inflation, but gold prices were flat and remained close to a two-month low. Gold’s spot price remained at $1,810.48 per ounce. At $1,817.40, U.S. gold futures were unchanged. On Monday, gold prices fluctuated between flat and up….
As a stronger currency and concerns about further interest rate hikes by the U.S. Federal Reserve clouded the picture for non-yielding metal, gold prices fell on February 17 in the international markets and were expected to decline for the week. At $1,832.42 per ounce, spot gold prices were down 0.3%. This week, the price of…
On February 16, both in the international market and in India, gold was trading marginally higher from a five-week low. At 10.21 am, gold was trading 0.08 percent higher on the Multi Commodity Exchange (MCX) at Rs 56,170 for 10 grams, while silver was trading 0.44 percent higher at Rs 65,712 for a kilogram. Spot…
As markets anticipated critical data on U.S. nonfarm payrolls on Friday, gold prices held near seven-month highs, while copper prices reversed weekly losses due to the relaxation of additional anti-COVID measures in major importer China. After a series of abrupt rate hikes by the Federal Reserve in 2022, it is anticipated that U.S. nonfarm payrolls…
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…
