Gold was trading with mild weakness on Monday amid profit booking ahead of the US Federal Reserve’s monetary policy meeting this week whose outcome is awaited on Wednesday. October Gold futures were trading at Rs 1,09,180 on the MCX around 6:40 pm, down by Rs 190 or 0.17%. On the COMEX, the prices were flat … Read more
India’s gold ETF holdings rose 42% year-on-year to 66.68 tonnes as of June 30, 2025, with AUM surging 88% to Rs 64,777 crore. The number of investor accounts expanded 41% to 76.54 lakh, reflecting growing preference for digital gold investments and this shift from traditional jewelry ownership to tech-enabled investment channels is being driven by … Read more
Gold traded rangebound on Monday amid a lack of triggers from international markets. The August MCX gold contracts moved within a 650-point range while slipping into the red. The weakness could be attributed to easing US–China trade tensions, while a higher-than-expected U.S. jobs report dampened expectations of interest rate cuts by the Federal Reserve. Lower … Read more
COMEX Gold prices experienced a significant downturn, marking their most substantial weekly loss in months. The yellow metal slid below the critical $1,900 per troy ounce threshold, primarily in response to a sharp surge in US treasury yields. This surge in yields elevated the opportunity cost of holding gold. At its September policy meeting, the … Read more
COMEX Gold prices started the week on a negative note as mixed data from the US coupled with weak economic data from the European peers bolstered the greenback. US Services activity slowed more than forecast in July, however, manufacturing activity rebounded to a three-month high. At the same time, European and UK Services activity eased … Read more
COMEX Gold prices started the week on a negative note, plunging almost 2.5% in the first two days. The yellow metal approached an eleven-week low of $1,810.8 per troy ounce notched in the previous week, as Fed chair Jerome Powell unveiled a hawkish tilt. During the congressional testimony, Fed chair Jerome Powell said that the … Read more