Rupee falls 36 paise to close at 90.70 against U.S. dollar
Image for representational purposes only. | Photo Credit: Reuters The rupee declined 36 paise to…
Gold rebounds ₹3,000; silver rallies ₹10,000 as easing US-Iran tensions revive bullion demand
rows of rendered silver bars and one goldbar | Photo Credit: wydynd Gold prices rebounded by ₹3,000 to ₹1.56 lakh per 10 grams in the national capital on Friday, and silver advanced by ₹10,000 to ₹2.55 lakh per kilogram as signs of a diplomatic breakthrough in the US-Iran standoff rekindled interest in the precious metals….
Gold rises to ₹1.49 lakh/10g in futures trade on strong global cues
Globally, Comex gold futures for August contract appreciated by $88.75, or 2.16%, to $4,202.75 per ounce in New York. Gold prices rose nearly 1 per cent to ₹1.49 lakh per 10 grams in futures trade on Friday, tracking a firm trend in the overseas markets. On the Multi Commodity Exchange, the yellow metal for August…
Silver rises over 1% to ₹2.42 lakh/kg in futures trade amid renewed geopolitical optimism
Silver futures jumped by Rs 3,132 to Rs 2.42 lakh per kilogram on Friday as traders scrambled back into precious metals after US President Donald Trump called off planned military strikes on Iran, easing concerns over geopolitical tensions. On the Multi Commodity Exchange, the white metal climbed by Rs 3,132, or 1.31 per cent, to…
Gold demand ticks up as prices slip; China premiums ease
Gold demand in India improved slightly this week as softer prices drew in jewellery buyers even as caution prevailed, while premiums in China eased. Gold prices in India dropped to their lowest since April 2 at 146,444 rupees per 10 grams on Thursday, and are down 1.5% for the week so far. Demand improved as…
Gold set for weekly loss as inflation, rate hike fears persist
File photo: Spot gold was down 0.5% at $4,191.17 per ounce, as of 0252 GMT, and was set for a weekly loss of 3.2%. | Photo Credit: – Gold prices fell on Friday and were on track for a weekly loss, pressured by concerns around inflation and potential US Federal Reserve interest rate hikes. Spot…
Gold prices edge lower on inflation worries and rate hike expectations
Gold prices edged lower on Friday and were on track for a weekly loss amid inflation concerns and potential US Federal Reserve interest rate hikes. Fundamentals Spot gold was down 0.3 per cent at $4,200.82 per ounce, as of 0101 GMT, and was set for a weekly loss of 2.8 per cent. US gold futures…
Fall in gold prices to exert pressure on jewellers’ margins
While fall in prices usually lead to higher demand, gold jewellery buyers tend to postpone purchases in anticipation of further decline. The sharp fall in gold prices, coupled with subdued demand, is expected to exert pressure on margins of jewellery companies in the June quarter. Gold prices have been on a steady fall both in…
Gold slumps ₹2,100 to ₹1.53 lakh/10g; silver trades flat in Delhi
Gold prices slid for the second straight day, declining by ₹2,100 to ₹1.53 lakh per 10 grams in the national capital on Thursday amid rising tensions in West Asia, which kept investors’ sentiment subdued in the bullion market. According to marketmen, the yellow metal of 99.9 per cent purity depreciated by ₹2,100 to ₹1,53,900 per…
Gold continues to fall on West Asia worries: What are investors concerned about?
In global markets, Comex gold futures for August contract slipped for the fifth consecutive session, falling by $17.23, or 0.42%, to $4,116.07 per ounce in New York. Extending losses for the fifth consecutive session, gold prices fell ₹277 to ₹1.47 lakh per 10 grams in futures trade on Thursday, tracking losses in the international markets…
Gold rebounds from six-month low but rate-hike fears cap gains
Gold prices rose on Thursday, rebounding from a six-month low, as investors covered their short positions, though concerns around higher inflation and US interest rates capped gains. Spot gold rose 0.6 per cent to $4,097.01 per ounce at 0836 GMT after hitting its lowest point since November 21 earlier in the session. US gold futures…
