Gold rose 0.09% to ₹82,304 amid former US President Donald Trump’s escalating tariff threats. He reiterated a 25% tariff on imports from Mexico and Canada, while also exploring additional duties on Chinese goods. The US economy slowed in Q4, but consumer spending grew at its fastest pace in nearly two years. Despite record prices, India’s…
Gold prices in Asian trade remained unchanged, despite the US Federal Reserve’s interest rate cuts this year. Spot Gold was at $2,607.65 per ounce, while Gold Futures expiring in February edged 0.2% lower to $2,620.22 an ounce. Gold prices have risen more than 26% in 2024 due to the Fed’s outsized rate cuts earlier this…
Gold prices rose modestly in Asian trade on Tuesday as the US president’s warnings of additional trade tariffs boosted demand. The price of the yellow metal fell sharply from earlier as various reports suggested that a ceasefire between Israel and Lebanon was nearing. Challenges to ease tensions between Israel and the Lebanese militant group Hezbollah,…
Gold prices fell in Asian trading on Monday following rumors of ceasefire talks between Israel and Hezbollah. However, the yellow metal has recovered from the previous week’s gains due to increased tensions between Russia and Ukraine. In addition, Besant’s appointment removed a significant part of the market uncertainty. Reports of the deal suggested that the…
Gold prices moved in a lower range in Asian trade on Thursday. The strength of the dollar weighed on gold prices as US interest rates did not fall as expected in the medium to long term. The yellow metal took some gains after touching a peak ahead of Wednesday’s Fed decision. Spot gold rose 0.1%…
In Asian trade on Thursday, gold prices rose. Because investors expect the yellow metal to continue to profit from the low interest rate environment. However, interest rates were cut somewhat lower than expected due to the core consumer price inflation figures for August. Traders saw a 25 basis point drop in late September; This idea…
As predictions that the Federal Reserve will start reducing rates grew in response to less-than-expected U.S. consumer inflation statistics, gold prices increased in Asian trade on Thursday and remained near record highs. Better risk appetite also restrained gains in the yellow metal, and traders were positioning for a more modest rate decrease in September due…
Gold prices fell on Tuesday in Asian trade due to reduced geopolitical tensions in the Middle East, which weakened the appeal of the yellow metal as a safe haven. Gold prices are falling due to increasing rates and easing tensions in the Middle East. Traders are starting to remove risk premiums from commodity prices as…
Gold prices surged to record highs in Asian trade on Monday despite easing bets on U.S. rate cuts. The demand for the yellow metal remained strong due to safe-haven interest, and investors are looking for further cues on the U.S. economy. Spot gold rose as much as 0.7% to a record high of $2,353.81 an…
On Monday, October 23, gold prices in India were trading down due to weak bullion demand in the spot market. For 22-carat and 24-carat gold, respectively, the prices in Delhi were Rs 56,500 and Rs 61,600 per 10 grammes. Additionally, the cost of silver decreased by Rs 200 to Rs 75,100 per kg. Lower rates…
