India’s services sector growth falls to 5-month low in October on competitive pressures, heavy rains: PMI
The international demand for Indian services improved further, as signalled by another increase in external…
Dholakia Lab Grown Diamond Pvt Ltd has raised over Rs 800 crore in a funding round led by Abakkus Asset Manager and ICICI Venture. Dholakia Lab Grown Diamond, the jewellery arm of Surat-based Hari Krishna Group, on Wednesday said it has raised more than Rs 800 crore in a funding round led by Abakkus PE…
US gold futures for June delivery fell 0.4% to $4,592.60. Gold prices slipped on Wednesday, as rising oil prices fuelled concerns of persistent inflation, with markets watching closely for remarks from US Federal Reserve Chair Jerome Powell on the future path of interest rates. Spot gold was down 0.3 per cent at $4,579.34 per ounce,…
The Gem and Jewellery Domestic Council of India has recommended to take the prevailing gold monetization scheme on to the digital ecosystem. The central feature of the proposal is the formal transition towards a digital gold ecosystem, whereby physical gold is converted into dematerialised gold balances held within the banking system through structured account mechanisms….
Gold and silver prices came under pressure on Wednesday as rising crude oil prices and increased expectations of a US interest rate hike dampened sentiment across precious metals. MCX Gold was trading at ₹1,50,027, down 1.12 per cent for the day, while MCX Silver fell 1.86 per cent to ₹2,42,763. On the international front, COMEX…
Central banks added gold holdings at the fastest pace in more than a year in the first quarter, as a slump in prices encouraged a wave of buying that more than offset sales by a handful of institutions. Net official-sector purchases totaled 244 tons in the three months, up from 208 tons in the previous…
For the first time, investment demand accounted for a larger share of total consumption than jewellery, rising to 54.3% in the quarter. | Photo Credit: istock.com India’s investment demand for gold surpassed jewellery consumption for the first time on record in the March quarter, as investors turned to the precious metal amid subdued equity market…
Gold steadied after a two-day drop as investor focus remained on talks between the US and Iran, with the indefinite closure of the Strait of Hormuz continuing to heighten inflation risks. Bullion was near $4,590 an ounce, after falling 2.4 per cent over the previous two sessions to the lowest in almost four weeks. President…
Gold and silver prices declined on April 28, 2026, as stalled US-Iran peace negotiations and elevated Treasury yields weighed on safe-haven demand, while crude oil extended its rally on persistent supply disruptions through the Strait of Hormuz. MCX Gold fell 0.64 per cent to ₹1,51,721 per 10 grams, while spot gold on COMEX dropped 1…
While gold is considered an inflation hedge, high interest rates make yield-bearing assets more attractive, weighing on its appeal. | Photo Credit: FRANCIS MASCARENHAS Gold prices eased on Tuesday, as investors watched for the impact of the West Asia conflict and stalled US-Iran peace talks on the interest rate outlook of key central banks that…
Gold ETF inflows turn negative, driven by North American investors Investments in physically-backed gold exchange-traded funds (ETFs) turned negative last week, after rising for two consecutive weeks, data from the World Gold Council (WGC) showed. For every $1 that was invested, there were more than double the exits during the week, with North American investors…