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Gold and silver are likely to trade in a narrow range this week as traders await a raft of economic data, including the US non-farm payrolls report, for fresh clues on the Federal Reserve’s interest rate outlook, analysts said. Investors will monitor purchasing managers’ index (PMI) data from the US, the UK, the Eurozone and…

The prices of precious metals softened last week. Gold ($4,045/ounce) and silver ($57.60/ounce) dropped 0.2 per cent and 1 per cent, respectively. Similarly, in the domestic market, gold futures (₹1,43,376/10 gm) was down 0.6 per cent and silver futures (₹2,17,198/kg) lost 2.2 per cent. Below is an analysis. MCX-Gold (₹1,43,376) Gold futures (Oct) was charting…

FILE PHOTO: A woman picks a gold earring at a jewellery shop | Photo Credit: Reuters Kerala Gold and Silver Merchants Association (KGSMA) has sought the intervention of the Bureau of Indian Standards (BIS) to investigate the manufacture and sale of counterfeit gold jewellery bearing fraudulent HUID hallmark stamps in the State. The association urged…

Gold fell on Friday but was on track for its ​first monthly gain in five months, supported by ⁠bargain buying around the $4,000 level, while investors weighed developments in the Middle East and their impact on U.S. rate outlook. Spot gold fell 0.6% to $4,076.53 per ounce, ‌as of 0253 GMT, but was headed for…

Gold prices up in India | Photo Credit: ARUN SHARMA Gold prices in India rose today across all cities. The price for 8 grams of 24-carat gold also increased in all cities compared to yesterday. Below is a detailed breakdown of gold prices in key cities. Gold rates in India: Gold prices in India today…

Arun Narayan, CEO, Jewellery Division, Titan Company Ltd, at the launch of Narumugai, Tanishq’s first Uncut Diamond Open Polki collection created for the South Indian market, in Chennai. | Photo Credit: Bijoy Ghosh Titan-owned jewellery retailer Tanishq has launched Narumugai, its first ever Uncut Diamond Open Polki collection.   The collection, launched for the occasion of the auspicious Tamil month of Aadi, has been…

Jewellery demand plunged 15 per cent to 75 tonnes against 89 tonnes, but in value terms it jumped 34 per cent to ₹1.13 lakh crore (₹84,200 crore). | Photo Credit: REUTERS/ANUSHREE FADNAVIS India’s gold demand in the June quarter dipped 6 per cent to 131 tonnes as volatile prices forced consumers to postpone their jewellery…

In the overseas markets, Comex gold futures for August delivery traded marginally lower at $4,031.70 per ounce in New York. | Photo Credit: istock.com Gold gave up early gains to trade lower at Rs 1.41 lakh per 10 grams on Thursday amid subdued market sentiment. On the Multi Commodity Exchange, the yellow metal for August…

Gold prices in India rose today across all cities. The price for 8 grams of 24-carat gold also increased in all cities compared to yesterday. Below is a detailed breakdown of gold prices in key cities. Gold rates in India: Gold prices in Indiatoday were ₹13,280 for 1 gram of 22-carat gold (up by ₹15)…

Gold held a modest gain, after the US Federal Reserve kept interest rates unchanged despite rising inflationary risks from the escalating war in the Middle East. Bullion was near $4,060 an ounce in choppy trading, having advanced nearly 1% on Wednesday. The Fed voted 9-3 in favor of holding rates, although the split verdict signaled…