Digirupe

On Monday, the yellow metal was quoted at $4,007.3 at 1815 hours IST. | Photo Credit: MicroStockHub Every dollar inflow into physically backed gold exchange-traded funds (ETFs) was matched by a similar outflow last week, with the US and Japan leading investors’ exits, data from the World Gold Council (WGC) showed. While inflows into the…

Notwithstanding the recent correction in gold prices, investors in Sovereign Gold Bonds (SGBs) are still sitting on gains of 34-44 per cent over the past year. Though the government has stopped fresh issuances, around 45 SGBs, maturing up to February 2032, continue to be traded on exchange platforms. These bonds carry an annual coupon of…

Gold prices on Monday increased by ₹294 to ₹1,41,200 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, the yellow metal contract for August delivery traded higher by Rs 294, or 0.21 per cent, at Rs 1,41,200 per 10 grams in a business…

Elevated oil prices can stoke inflation fears and bets of higher-for-longer interest rates. While gold is typically ‌seen as an inflation hedge, high interest rates increase the opportunity cost of holding the non-yielding asset. | Photo Credit: istock.com Gold prices dipped on ​Monday as an escalation in the Middle East war ⁠pushed Brent crude above…

Gold and silver are expected to remain on the back foot in the next week as traders assess the impact of the escalating West Asia conflict, firm crude oil prices and key global macroeconomic data releases, analysts said. Investors will also closely watch a busy calendar of key numbers, including US weekly jobless claims and…

Across India, a fortune worth trillion lies not in mutual funds or fixed deposits, but as idle gold in lockers and cupboards, locked away, unutilised, and silently depreciating in opportunity cost. Indian households and temple trust collectively hold around 30,000-32,000 tonnes of gold worth $3.8 trillion. This ‘untapped economy’ is both a cultural heritage and…

Analysts attributed the decline in precious metal prices to weaker spot demand. | Photo Credit: istock.com Gold prices on Friday dropped by ₹248 to ₹1,40,100 per 10 grams in futures trade amid a fall in spot demand. On the Multi Commodity Exchange, yellow metal contracts for August delivery traded lower by ₹248, or 0.18 per…

Gold prices down in India | Photo Credit: K K Mustafah Gold prices in India fell today across all cities. The price for 8 grams of 24-carat gold also decreased 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…

Bullion has hovered in a narrow range around $4,000 an ounce in recent weeks after losing 14% in the second quarter, its worst showing since 2013.  Gold was on track for the biggest weekly loss since early June as renewed hostilities in West Asia raised the odds that the US Federal Reserve may need to…

Gold ​prices fell on Thursday as the escalating Middle ⁠East conflict showed no signs of abating, erasing recent optimism over easing inflation and fuelling concerns that surging oil prices could lead to ‌interest rate hikes. Spot gold was down 0.6% at $4,034.42 per ounce by 0349 GMT. U.S. gold futures for August ‌delivery lost 0.3%…