Akshay Tritiya is considered an auspicious occasion to start new things and make valuable purchases. Indians have a special attachment to gold, and over the years, have continued to import gold in huge quantities to fulfil their insatiable desire for the yellow metal. While Indian attraction to gold is unparalleled, demand is highly sensitive to … Read more
NEW DELHI: Gold futures were trading lower on Tuesday after hitting a two-month high in the previous session, as a rise in US Treasury yields eclipsed support from a weaker dollar. On the other hand, silver futures gained. Benchmark 10-year US Treasury yields rose above 1.6 per cent after hitting a five-week low last week, … Read more
NEW DELHI: Gold futures were trading higher on Tuesday amid sharp rise in Covid-19 cases but a firmed up US Treasury yields capped the gains, with optimism about a quick economic rebound weighing on prices further. Treasury yields in the United States have stayed marginally higher after a successful three-year note auction and ahead of … Read more
NEW DELHI: Gold futures were trading with marginal cuts on Monday buoyed by concerns over inflation after US President Joe Biden announced a $2 trillion-plus jobs plan last week, while a stronger dollar and elevated US Treasury yields limited bullion’s upside. Gold is seen as a hedge against rising inflation, but firmer Treasury yields, which … Read more
NEW DELHI: Gold and silver futures traded flat on Thursday as support from easing US Treasury yields was offset by a strong dollar, which emerged as a preferred safe-haven amid growing concerns about extended lockdowns in Europe. US Treasury yields dipped after the Treasury saw average demand for an auction of five-year notes, with the … Read more
NEW DELHI: Gold and silver futures fell on Tuesday, dragged down by gains in equity markets and the dollar, although concerns around fresh coronavirus cases across Europe limited the losses. The dollar gained slightly, after it stumbled from four-month highs against a basket of currencies in the preceding session, in line with a dip in … Read more
NEW DELHI: Gold and silver futures were trading on either side of the flatline on Tuesday as investors turned to riskier assets on hopes of a quick economic recovery, while they awaited the outcome of a US Federal Reserve policy meeting. Fed policymakers are set to forecast that the US economy will accelerate at the … Read more
NEW DELHI: Gold and silver futures edged lower in Wednesday’s trade as firm US treasury yields continued to weigh on the non-yielding bullion. MCX gold futures for April delivery were trading Rs 48 or 0.11 per cent lower at Rs 45,500 per 10 grams. Silver futures for May delivery were quoting at Rs 69,200 per … Read more
NEW DELHI: Gold and silver futures prices gained on Monday following the trend in the international market, thanks to a decline in dollar but the gains were capped by rise in the bond yields. The dollar eased against rivals, making gold affordable for holders of other currencies. Benchmark US Treasury yields hit a near one-year … Read more
NEW DELHI: Gold futures prices traded with cuts on Wednesday following the trend in the international market, thanks to rise in the bond yield while silver futures continued to gain on industrial demand. Benchmark US Treasury yields gained more than 1.3 per cent to their highest since February 2020. Higher bond yields increase the opportunity … Read more