Gold August futures contracts at MCX opened flat, near their 1-week low, at Rs 96,549/ 10 grams on Thursday, which was slightly up by Rs 88 or 0.09%. The prices were supported by a slight retreat in the dollar and bond yields, while investors kept a close tab on trade negotiations as U.S. President Donald … Read more
Gold traded rangebound on Monday amid a lack of triggers from international markets. The August MCX gold contracts moved within a 650-point range while slipping into the red. The weakness could be attributed to easing US–China trade tensions, while a higher-than-expected U.S. jobs report dampened expectations of interest rate cuts by the Federal Reserve. Lower … Read more
Gold prices surged 2% or by Rs 1,740 on Monday following Donald Trump administration’s threat of doubling steel import levies to 50%. The domestic prices took cues from the international prices which were up by $66 per troy ounce and trading around $3,355. Around 7 pm, the MCX June gold futures were trading at Rs … Read more
Investors booked profits in gold amid volatility linked to Trump-era tariff concerns, with June gold futures on the MCX opening lower by Rs 592, or 0.62%, at Rs 94,797 per 10 grams on Friday. This came despite preliminary GDP data showing a contraction, which had boosted bullion’s safe-haven appeal in the previous session. Despite ongoing … Read more
Investors planning to buy sovereign gold bonds (SGB) should go ahead and buy it, notwithstanding the fall in gold prices this week, suggest analysts. While MCX Gold futures have declined nearly 1.39% or Rs 73 per gram over the last four sessions and are now trading at a discount from the SGB price, they cannot … Read more