Gold prices opened on the Multi Commodity Exchange (MCX) on Tuesday at Rs 71,026 per 10 grams and hit an intraday low of Rs 70,988. In the international market, prices hovered around $2,346.05 per ounce. Meanwhile, silver opened at Rs 81,971 per kg and hit an intraday low of Rs 81,776 on the MCX. In … Read more
Gold was on a rollercoaster ride this month and ended lower, marking its first such decline in three months in April. Price rose in the early half of the month but lost momentum close to $2,000/oz level and corrected sharply to near $1,870/oz level before moving back close to $19,00/oz level. Gold has been directionless … Read more
NEW DELHI: Gold prices inched higher on Friday but were poised for a fourth straight weekly fall as investors eyed key US inflation numbers. Inflation numbers could provide clues on the Federal Reserve’s next policy move. Bullion prices have fallen in the week as investors worried about higher inflation. Gold futures on MCX were up … Read more
NEW DELHI: Gold prices kicked off the new week on a positive note amid growing Omicron worries although the rising US dollar capped the upside for the bullion. Market participants also weighed the prospect of a faster ending to pandemic-era asset purchases by the US Federal Reserve after data suggested the labour market was rapidly … Read more
NEW DELHI: Gold and silver futures prices were trading flat with negative bias on Monday as commentary from central banks suggests there could be a rate hike earlier than expected, which will be detrimental to bullion counters. Bundesbank president Jens Weidmann publicly contradicted the European Central Bank’s official line on Friday, warning that inflation may … Read more
NEW DELHI: Gold prices inched higher on Wednesday but analysts warned that a sharp rise in the prices makes the yellow metal vulnerable to corrections, especially if the US dollar holds firm. Gold futures on MCX were trading marginally higher by 0.11 per cent or Rs 53 at Rs 49,090 per 10 grams. Silver futures … Read more
NEW DELHI: Gold prices were unchanged in Tuesday’s session as a weaker US dollar offset firm bond yields. Gold futures on MCX were trading lower by 0.04 per cent or Rs 18 at Rs 48,000 per 10 grams. Silver futures were down 0.18 per cent or Rs 114 at Rs 64,767 per kg. Ravi Singh, … Read more
Akshay Tritiya is considered an auspicious occasion to start new things and make valuable purchases. Indians have a special attachment to gold, and over the years, have continued to import gold in huge quantities to fulfil their insatiable desire for the yellow metal. While Indian attraction to gold is unparalleled, demand is highly sensitive to … Read more
NEW DELHI: Gold futures were trading lower on Tuesday after hitting a two-month high in the previous session, as a rise in US Treasury yields eclipsed support from a weaker dollar. On the other hand, silver futures gained. Benchmark 10-year US Treasury yields rose above 1.6 per cent after hitting a five-week low last week, … Read more
NEW DELHI: Gold futures were trading higher on Tuesday amid sharp rise in Covid-19 cases but a firmed up US Treasury yields capped the gains, with optimism about a quick economic rebound weighing on prices further. Treasury yields in the United States have stayed marginally higher after a successful three-year note auction and ahead of … Read more