Gold recorded its worst weekly slump this year in the week ending May 24 on hawkish FOMC minutes and robust US PMIs. Now, markets largely look for just one rate cut this year as traders readjust their rate expectations in the wake of the US data and the Fed’s stance. Spot gold closed with a … Read more
Spot gold tested a new lifetime high last week due to a combination of factors that have converged to propel the demand for the yellow metal. Multiple catalysts like US rate cut speculation, China’s economic stimulus, and renewed geopolitical tensions attributed to the rise in prices. Prices on the London spot market surged near to … Read more
In a volatile May when S&P BSE Sensex has slipped 566 points or 0.75%, silver has outsmarted not just the headline index but also its shinier peer gold, and Bitcoin. The white metal has jumped by nearly 11.29% or over Rs 9,580 per kg in this month so far as its industrial appeal returns along … Read more
Gold prices opened on the Multi Commodity Exchange (MCX) on Friday at Rs 69,475 per 10 grams and hit an intraday low of Rs 69,297. In the international market, prices hovered around $2,279.76 per ounce. Meanwhile, silver opened at Rs 79,339 per kg and hit an intraday low of Rs 78,777 on the MCX. In … Read more
A view of CBI headquarters in New Delhi. | Photo Credit: V. Sudershan The Central Bureau of Investigation (CBI) has coordinated the return of a gold smuggling case accused from Saudi Arabia via Interpol channels. The accused has been identified as Shokat Ali and he was wanted by the National Investigation Agency (NIA). On September … Read more
Gold prices opened on the Multi Commodity Exchange (MCX) on Thursday at Rs 69,868 per 10 grams and hit an intraday low of Rs 69,755. In the international market, prices hovered around $2,299.87 per ounce. Meanwhile, silver opened at Rs 79,099 per kg and hit an intraday low of Rs 79,099 on the MCX. In … Read more
Gold prices opened on the Multi Commodity Exchange (MCX) on Thursday at Rs 66,497 per 10 grams and hit an intraday low of Rs 66,465. In the international market, prices hovered around $2,196.32 per ounce. Meanwhile, silver opened at Rs 74,779 per kg and hit an intraday low of Rs 74,744 on the MCX. In the … Read more
Gold prices opened on the Multi Commodity Exchange (MCX) on Wednesday at Rs 69,340 per 10 grams and hit an intraday low of Rs 69,309. In the international market, prices hovered around $2,284.06 per ounce. Meanwhile, silver opened at Rs 77,981 per kg and hit an intraday low of Rs 77,189 on the MCX. In … Read more
Gold prices opened on the Multi Commodity Exchange (MCX) on Tuesday at Rs 68,638 per 10 grams and hit an intraday low of Rs 68,580. In the international market, prices hovered around $2,252.19 per ounce. Meanwhile, silver opened at Rs 75,750 per kg and hit an intraday low of Rs 75,310 on the MCX. In … Read more
Gold prices opened on the Multi Commodity Exchange (MCX) on Monday at Rs 68,699 per 10 grams. In the international market, prices hovered around $2,196.32 per ounce. Meanwhile, silver opened at Rs 75,223 per kg on the MCX. In the international market, the price hovered around $24.69 per ounce. Manav Modi, Analyst, Commodity and Currency, MOFSL, … Read more