NEW DELHI: Gold prices kicked off the new week on a positive note amid growing Omicron worries although the rising US dollar capped the upside for the bullion. Market participants also weighed the prospect of a faster ending to pandemic-era asset purchases by the US Federal Reserve after data suggested the labour market was rapidly … Read more
NEW DELHI: Gold and silver futures prices were trading flat with negative bias on Monday as commentary from central banks suggests there could be a rate hike earlier than expected, which will be detrimental to bullion counters. Bundesbank president Jens Weidmann publicly contradicted the European Central Bank’s official line on Friday, warning that inflation may … Read more
NEW DELHI: Gold prices inched higher on Wednesday but analysts warned that a sharp rise in the prices makes the yellow metal vulnerable to corrections, especially if the US dollar holds firm. Gold futures on MCX were trading marginally higher by 0.11 per cent or Rs 53 at Rs 49,090 per 10 grams. Silver futures … Read more
NEW DELHI: Gold prices pulled back from a five-month peak in Monday’s session as a firm dollar decreased the appeal of the yellow metal. The US dollar index hovered close to a 16-month high, pressuring bullion by increasing its cost to buyers holding other currencies. Gold futures on MCX were trading lower by 0.23 per … Read more
NEW DELHI: Gold prices were unchanged in Tuesday’s session as a weaker US dollar offset firm bond yields. Gold futures on MCX were trading lower by 0.04 per cent or Rs 18 at Rs 48,000 per 10 grams. Silver futures were down 0.18 per cent or Rs 114 at Rs 64,767 per kg. Ravi Singh, … 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
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