Gold prices fell by Rs 400 per 10 grams on Thursday as investors chose to book some gains following a stellar rally which saw yellow metal rates hit a fresh lifetime high of Rs 95,935 on the MCX in the preceding session. Given the current uncertainties, the outlook remains bullish for gold bulls with only … Read more
Spot gold closed with a gain of 0.59% at $2392 Friday as the metal rose on fresh concerns about the geopolitical situation following Israel’s attack on Iran. Israel reportedly struck back Iran on Friday morning in a low-scale drone operation. Although targets were Iran’s military sites, damage was limited. Iranian media downplayed the impact of … Read more
COMEX Gold prices declined for the second consecutive week as both the dollar index and US benchmark treasury yields rose. Concerns about the US banking sector’s health and weak Chinese economic data led to a haven shift towards the dollar. Moody’s Investors Service downgraded several American lenders, signalling potential concerns for a handful of larger … Read more
One of the key themes that seem to be supporting gold presently is the increased possibility of a recession in the US next year. The Federal Reserve sees the economy barely growing amid elevated inflation as the unemployment rate may rise to 4.60% from the present rate of 3.70%. A similar scenario may unfold in … Read more
International gold started the week on a positive note and closed near key $2000/oz level but lost momentum and is now set for its first negative weekly close in three weeks. Gold has corrected over 3 per cent from the recent highs and is down about 1.5 per cent on the week. Gold came under … Read more
Gold prices have witnessed negative returns in India till now in 2021, losing 5% when compared with the broad rallies of 2019 and 2020, which saw 13% and 26% returns, respectively. Gold prices started the year on a negative note as the reopening of global economic activities and large-scale vaccination improved investment sentiment in riskier … Read more
NEW DELHI: Gold prices edged up higher in the domestic markets on Monday, bucking the global trend. However, it traded in a range ahead of the festive season. Gold futures on MCX were trading 0.15 per cent or Rs 75 at Rs 47,705 per 10 grams. Whereas, silver futures were down 0.16 per cent or … Read more
From a high of $1,959 per ounce on January 6, 2021 to a low of $1,676.01 per ounce on March 8, and again a low of $1,677.61 on March 31, gold has had a volatile ride. Spot gold has gained around 7 per cent from the lows. MCX gold futures also made a high of … Read more