NEW DELHI: Gold and silver prices hovered around the flatline in Wednesday’s trade ahead of the US Federal Reserve’s policy outcome while continuous jump in Covid-19 cases helped the demand in bullion counters. Later in the day the Fed will conclude its first meeting since adopting a more accommodative approach to inflation and pledging to … Read more
NEW DELHI: Gold and silver prices slipped in Friday’s trade as profit booking ensued after the ECB outlined its monetary policy while Repubpican attempt to pass an aid bill was stalled in the US Senate. Investors now await British GDP data and US inflation numbers due later in the day for further clarity on the … Read more
NEW DELHI: Gold and silver prices rose in Friday’s early trade, tracking the global trends in precious metals. Meanwhile, India continued to report the highest number of daily cases in the world which also lifted bullion’s appeal. The head of the Chicago Federal Reserve on Thursday called on Congress to deliver more fiscal aid and … Read more
NEW DELHI: Gold and silver slid lower, in-line with the trend in global markets, as the Federal Reserve indicated that it will keep flushing the market with cheap liquidity as Covid-19 continued to disrupt the lives around the world. Fed policymakers are considering tweaks to monetary policy that could result in the US central bank … Read more
NEW DELHI: Gold and silver saw profit booking after a sharp rise in the previous sessions amid rising worries over the fast rising Covid-19 crisis that is still creating disruptions in people’s lives. India has reported 27.7 lakh virus cases by now with over 53,000 deaths. Meanwhile, investors are also looking forward to minutes of … Read more
NEW DELHI: Gold and silver rose in Tuesday’s early session as tensions between US and China escalated and amid projections that India’s economy could contract 16.5 per cent in the first quarter of the current fiscal. US President Donald Trump on Monday promised tax credits for firms who relocate manufacturing facilities to the United States … Read more
NEW DELHI: Gold and silver prices rose in early trade on Monday, following a steep fall in the previous session, tracking the trend in the global market and on rising worries over fast spreading Covid-19 outbreaks. India has reported over 22 lakh Covid-19 cases by now with more than 44,400 deaths. Gold tends to gain … Read more
Mumbai: There is a need for investors to embrace gold as a portfolio diversifier and for hedging strategy especially in the current environment that presents uncertainties, according to experts. The yellow metal is expected to have a good run in the coming times as demand will emerge, and it should be seen as part of … Read more
Kolkata: The strong uptick in the price of Indian silver this month has caught the attention of investors. On Wednesday, the August silver mini contract on Multi Commodity Exchange (MCX) hit an eight-year high of Rs 62,250 per kg. The metal’s price has increased by nearly 24% in July so far. “Investor interest in silver … Read more
NEW DELHI: Gold has lived up to its reputation as an asset class of distressed times, by staging a major rally that saw it get past the psychologically important Rs 50,000-mark on Wednesday in the derivatives market. Its peer silver was late to join the rally, but still has seen a stupendous rally, rising about … Read more