Gold prices jump Rs 2,800 per 10 grams in 6 sessions. What should investors do now?

Gold prices jump Rs 2,800 per 10 grams in 6 sessions. What should investors do now?

Gold has turned dearer by more than Rs 2,800 per 10 grams led by a six-session rally. The yellow metal hit a fresh 52-week high of Rs 65,525 on Thursday, surpassing a key resistance level of Rs 65,500 within hours of its opening. The recent surge in yellow metal in the domestic and international markets … Read more

Fed decisions to set short-term direction for gold prices

Fed decisions to set short-term direction for gold prices

Gold prices in the international and domestic markets suffered losses in the first two months of 2024. A strong US dollar, expectations of further delay in US Fed rate cuts, and a rally in global equities affected the sentiment surrounding the metal. The US Dollar has gained almost 3% since the start of January. Firm … Read more

Gold and silver outlook 2024: Here’s what to expect from precious metals next year

Gold and silver outlook 2024: Here’s what to expect from precious metals next year

The ongoing geopolitical tensions, expectations of rate cuts and concerns over the health of major economies are likely to support gold prices going ahead. The yellow metal has rallied over 12 per cent so far in the current calendar year. MCX Gold has advanced to Rs 61,221 per 10 gram on December 11, 2023, against … Read more

Redemption price of 1st SGB tranche announced; investors make 128% return excluding interest

Redemption price of 1st SGB tranche announced; investors make 128% return excluding interest

The Reserve Bank of India (RBI) has announced the final redemption price of the first tranche of the sovereign gold bond (SGB) scheme at Rs 6,132 per gram and fixed the redemption date as November 30, Thursday. The investors who invested in the scheme have made an income of a whopping 128% (Rs 3,448) over … Read more

Will gold continue to glitter until the next Dhanteras?

Will gold continue to glitter until the next Dhanteras?

Many festivals in India are considered auspicious to buy Gold, and Dhanteras is among the favourites. In India, people invest in Gold for long-term gains. That is why Indian households have the highest reserves of Gold, roughly 21000 tonnes. Gold is very close to Indian’s hearts and is a more sentimental investment than a speculative … Read more

Gold Vs Silver: What to buy as Israel-Hamas conflict triggers bullion’s appeal?

Gold Vs Silver: What to buy as Israel-Hamas conflict triggers bullion’s appeal?

After weeks of underperformance, shine in bullion returned as the first shot hit Israel and since then the price trajectory has largely been northwards with the crisis only deepening by each passing day. Experts remain bullish on the prospects of precious metals even as they pick their preference between gold and silver with a view … Read more

Gold rises for first time in 4 weeks amid Israel-Hamas conflict. Can it shine some more?

Gold rises for first time in 4 weeks amid Israel-Hamas conflict. Can it shine some more?

Gold prices have seen a notable weekly gain of more than 3%, marking their first increase in four weeks. This surge is primarily attributed to ongoing geopolitical tensions, notably the recent conflict between Israel and Hamas. The surprise attack by Hamas on Israel has escalated the situation, leading Israel to declare war. The United States … Read more

Losing shine? Investment demand for gold plummets to four-year lows

Losing shine? Investment demand for gold plummets to four-year lows

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

Gold faces headwinds as hawkish Fed, rising yields pale optimism

Gold faces headwinds as hawkish Fed, rising yields pale optimism

During the September FOMC meeting, the Federal Reserve maintained the federal funds rate target range at a 22-year high of 5.25%-5.5%. Fed Chair Jerome Powell, however, conveyed that interest rates must remain elevated for an extended period due to the renewed strength in the economy. While the central bank is nearing the end of its … Read more

Gold set for second weekly drop on higher-for-longer rate jitters

Gold set for second weekly drop on higher-for-longer rate jitters

Gold prices were on track for their second straight weekly decline on Friday as U.S. inflation readings for August reinforced market bets for further rate hikes by the Federal Reserve after a likely rate pause next week. FUNDAMENTALS Spot gold was steady at $1,910.85 per ounce by 0100 GMT. Bullion was on track for a … Read more