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…
Data from the World Gold Council (WGC) showed that the country’s demand for gold fell by 3% in 2022, with a significant 20% decline in the fourth quarter. Due mostly to an increase in price, demand for the yellow metal fell to 276 tonnes in the December quarter from 344 tonnes in the corresponding time…
NEW DELHI: Gold prices in India bucked global trends and traded marginally lower on Monday. In the global markets, the yellow metal traded near multi-week highs on Monday after Powell’s dovish tone. Gold futures on MCX were down 0.13 percent, or Rs 62, at Rs 47,476 per 10 gram. However, silver futures gained marginally 0.03…
Gold prices moved higher on Friday as investors awaited Fed chief Jerome Powell’s speech at the Jackson Hole symposium after some US central bank officials called for paring bond purchases. Gold futures on MCX were up 0.36 per cent, or Rs 168, at Rs 47,405 per 10 gram. Silver futures jumped 0.31 per cent, or…
Gold prices continued an upward march on rupee weakness, positive global cues and improving demand ahead of the festive season as prices surged by Rs 590 to Rs 47,583 per 10 gram in the Mumbai retail market. The yellow metal was supported by a geopolitical crisis in Afghanistan, increasing Delta variant of coronavirus cases globally…
The price of 10 gm of 22-carat Gold on Friday remained at Rs 45,540, an increase of Rs 260 from yesterday’s price. Silver was selling at Rs 62,300 per kg: dropping Rs 200 from yesterday, according to the website Good Returns. Gold jewellery price varies across India, the second-largest consumer of the metal, due to…
