Gold and silver futures traded weak on the MCX on Monday amid lack of positive triggers. On the Comex, the yellow metal traded flat hovering near three-week lows as the Street awaits US inflation data for more cues on the interest rate trajectory from the US Federal Reserve. The December gold futures were trading at … Read more
Many festivals in India are considered auspicious to buy Gold, and Dhanteras is among the favourites. In India, people invest in Gold for long-term gains. That is why Indian households have the highest reserves of Gold, roughly 21000 tonnes. Gold is very close to Indian’s hearts and is a more sentimental investment than a speculative … Read more
After weeks of underperformance, shine in bullion returned as the first shot hit Israel and since then the price trajectory has largely been northwards with the crisis only deepening by each passing day. Experts remain bullish on the prospects of precious metals even as they pick their preference between gold and silver with a view … Read more
COMEX gold prices started the week on a negative note, following reports that US authorities are considering expanding an emergency lending facility for banks, easing some concerns surrounding the financial sector. Risk sentiments improved and haven demand fell. US Treasury Secretary Janet Yellen told lawmakers that regulators would be prepared for further steps to protect … Read more
After a turbulent February, bullion has started March on a positive note. Gold recovered over 2 per cent over the week in the international market while gaining 0.54 per cent on the MCX. As trading resumes this week, gold and silver prices are likely to take cues from a host of important events. The Street … Read more
Precious metals, which rallied in the first half of the current calendar, have lost steam. They have seen deep cuts over the last few weeks, barely holding the key psychological levels. Market experts said the interest rate hikes amid inflationary pressures have dented the appeal of the safe-haven metal. Silver slipped below the Rs 55,000 … Read more
April 29 : Gold prices edged higher on Friday as lower U.S Treasury yields outweighed pressure from an elevated dollar, but bullion was still headed for its biggest monthly drop since September on fears of aggressive interest rate hikes by the Federal Reserve. FUNDAMENTALS * Spot gold was up 0.1% at $1,897.01 per ounce, as … Read more
March 10: Gold prices fell on Thursday, as U.S. Treasury yields rose while investors opted for riskier assets amid a retreat in oil prices after the United Arab Emirates said it would help increase oil production, making safe-haven bullion less appealing. FUNDAMENTALS * Spot gold was down 0.8% at $1,975.69 per ounce, as of 0139 … Read more
Feb 15: Gold prices edged higher on Tuesday towards a three-month peak touched in the previous session, as heightened tensions between Russia and the West over Ukraine prompted investors to pull back from riskier assets and opt for safe-haven bullion. FUNDAMENTALS * Spot gold was up 0.1% at $1,871.52 per ounce, as of 0052 GMT. … Read more
Swiss exports of gold to India jumped to a five-month high in August while shipments to China fell, Swiss customs data showed on Tuesday. Switzerland is the world’s largest bullion refining centre and transit hub and its data give insight into global demand trends. China and India are the largest consumers of gold. In 2020, … Read more