Gold futures have reached a historic high of $3,065.09 per ounce in New York, with 24K gold prices in India rising to Rs 90,450 per 10 grams, and 22K gold climbing to Rs 82,910 per 10 grams. Gold prices continued their upward trend for the third consecutive day, reaching a new record high of Rs 89,796 … Read more
Over the past few weeks, the prices of gold and silver have seen a significant increase. Gold has reached almost Rs 90,000 per 10 grams on the MCX, while silver has surpassed the Rs 1-lakh-per-kg mark. In the international market, the current price of gold is approximately $3,025 per ounce. What exactly is digital gold, … Read more
In the past 25 years, gold prices have delivered an annualized return of 12.55%, outperforming the 10.73% return of the Indian stock market benchmark index Sensex. While there is ongoing discussion about whether to invest in stocks or gold given the current market conditions, numerous experts recommend including gold in the portfolio. Gold prices have … Read more
Gold prices rose Rs 350 to trade near a record high at Rs 89,100 per 10 grams in the national capital on Monday amid firm global trends, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 88,750 per 10 grams on Friday. Gold of 99.5 … Read more
Gold prices rose on Friday and were on track for a sixth consecutive week of gains as escalating trade tensions between the U.S. and China prompted investors to seek refuge in the safe-haven asset. Spot gold gained 0.2% to $2,861.46 per ounce as of 01:41 p.m. ET (1841 GMT), up more than 2% this week, … Read more
In any year, investment in gold and silver always draws your attention. As we near the new year 2025, gold and silver remain top investment options amidst the persistent global economic and political uncertainty. The continuous gold purchases by central banks, notably China, along with anticipated rate reductions by the Federal Reserve, point towards a … Read more
In October, Comex gold (December) surged by 3.4%, extending its winning streak to four consecutive months and reaching a record high of $2,801.80 per ounce. Meanwhile, in India, MCX gold hit an all-time high of Rs 79,775 per 10 grams, marking its third straight month of gains. This rally in gold has been driven by … Read more
Should I invest in gold looking at current market conditions, geopolitical tensions? What are your expectations for 2024 at least?Name withheld. Reply by Prithviraj Kothari, Managing Director of RiddiSiddhi Bullions Limited Given the current global economic climate, Investing in gold can be a strategic move. With rising inflation and economic uncertainties, gold serves as a safe-haven … Read more