Digirupe

B2B jewellery manufacturer Sky Gold & Diamonds is aiming to almost triple its manufacturing output over the next few years as it looks to become India’s largest jewellery contract manufacturer, betting on continued expansion by organised retailers and rising export opportunities. The company currently manufactures around 700 kg of jewellery every month, or about 8-9…

Gold trading, gold bars with stock graph chart stock. Business and finance concept. 3d-rendering | Photo Credit: bl-online Administrator Inflows into physically-backed gold exchange-traded funds (ETFs) turned positive after five weeks of continuous exit last week, though there was a $2 exit for every $3 inflow, data from the World Gold Council (WGC) showed. According…

Precious metals staged a recovery in the national capital on Monday, with gold rising ₹1,700 to ₹1.52 lakh per 10 grams, while silver rebounded by ₹4,800, driven by gains in global markets and depreciation in the rupee. According to the All India Sarafa Association, the yellow metal of 99.9 per cent purity ended its four-day…

Gold ⁠on Monday rebounded from a more than one-week low hit in the last session, as oil prices fell after Iran cited progress in U.S.-Iran peace ‌talks, though bets of higher interest rates after hawkish U.S. Federal Reserve signals weighed on the metal’s outlook. Spot gold ‌was up 0.9 per cent at $4,197.41 per ounce,…

Developments surrounding US-Iran negotiations, movement in crude oil prices and key global economic data are expected to steer gold and silver prices next week, analysts said. The focus will squarely be on talks scheduled in Burgenstock, Switzerland, where US Vice President J D Vance is expected to lead discussions with Iranian officials to build on…

Precious metals slipped over the last week. Gold ($4,155/ounce) and silver ($64.9/ounce) depreciated 1.5 and 4.6 per cent respectively. Similarly, in the domestic market, gold futures (₹1,47,203/10 gm) lost 2.2 per cent and silver futures (₹2,33,185/kg) was down 5.3 per cent. The charts show that there is scope for further decline in prices. Below is…

As investors, the main reason many of us hold gold in the portfolio, is to act as a safe haven. When events such as wars, financial crises or calamities arrive, gold acts as a shock absorber, because its prices generally rise when financial assets tumble.   Lately however, gold has been failing in this safe-haven role. Just a day before US-Iran hostilities broke out, gold (24-carat) was ruling at  ₹1.6 lakh per 10 gram in India….

The exchange of old gold jewellery for new ones has started picking pace with the recent fall in gold prices boosting purchases by consumers. Gold prices have moderated from the highs seen early this year. As of June 15, domestic gold prices have fallen 3.7 per cent while the international prices were down 4.2 per…

In the international markets, Comex silver futures for the July contract slipped $2.85, or 4.3%, to $63.46 per ounce in New York. Silver futures tumbled by ₹8,766 to ₹2.28 lakh per kg on Friday as investors dumped precious metals amid uncertainty over the US-Iran peace agreement and a broader selloff in the global markets. On…

US gold futures for August delivery ‌fell ⁠1% to $4,202.10. Gold prices fell on ⁠Friday and were on track for a third consecutive weekly decline, as a stronger dollar and hawkish signals from the US Federal Reserve weighed on the ‌non-yielding metal. Spot gold was down 0.6 per cent at $4,184.33 per ounce, as of…