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
After reaching a new all-time high of Rs 88,310 per 10 grams on the MCX last week, gold April futures saw profit booking at elevated levels on Monday. As of 10:45 am, the contracts were trading 0.32% or Rs 278 lower at Rs 87,713 per 10 grams. Meanwhile, silver May futures on MCX managed to … Read more
Gold has given 29% return since the beginning of this year beating broad market indices. The comparable returns were seen during the global financial crisis in 2008 and subsequently post Covid. Sachin Jain, Regional CEO India, World Gold Council, in an interview with Teena Jain Kaushal of Business Today dwells on key trends shaping the … Read more
Gold prices have experienced a significant decline of around 6% since Diwali, driven by a stronger dollar and concerns over US inflation data. The price of 24-carat gold per 10 grams, which was Rs 80,710 on November 1, fell to Rs 74,031 at the last closing. This sharp correction reflects the ongoing global economic pressures … Read more
Precious metals showed mixed trends in the Indian markets today. Gold is trading on the lower side of the Multi Commodity Exchange (MCX) while silver prices have recorded a hike on Thursday, September 26. Gold futures, maturing on October 4, 2024, stood at Rs 75,234 per 10 grams, after recording a dip of Rs 79 … Read more
Gold prices jumped by 1.7% or Rs 1,200 per 10 gram on Friday taking cues from prices in the international market. The rally was on the back of growing hopes of the September interest rate cut by the US Federal Reserve following a benign July inflation number. Around 8:20 pm, the October gold futures on … Read more
Both gold and silver prices recorded a dip on the Multi Commodity Exchange (MCX) on Thursday, July 25, 2024. Gold futures, maturing on August 5, 2024, stood at Rs 67,746 per 10 grams on the MCX, after recording a dip of Rs 1,206 or 1.75 per cent. The previous close was recorded at Rs 68,952. … Read more
Gold prices opened on the MCX on Monday at Rs 72,030 per 10 grams and hit an intraday low of Rs 71,850. In the international market, prices hovered around $2356.21 per ounce. Meanwhile, silver opened at Rs 82,799 per kg and hit an intraday low of Rs 82,798 on the MCX. In the international market, … Read more
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
Dismal US monthly job report and ISM services data Friday sank the US yields and consequently, the US Dollar index, which propelled the gold prices above $2000. However, reduced geopolitical concerns led to a decline from the day’s high. Spot gold closed with a gain of 0.36% at $1992.72. It was lower on the week … Read more