Digirupe

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…

Andhra Pradesh has also identified other potential mining sites, including Ramagiri, Javvakula and Chigurukunta Bisnatam. Andhra Pradesh will emerge as the largest supplier of gold to the country in a few years, an official said on Thursday, citing estimated reserves of 50 tonnes at Jonnagiri village in Kurnool district alone. Addressing a press conference, Mukesh…

Gold imports in India, the world’s second-biggest gold consumer after China, are driven by the jewellery industry demand. | Photo Credit: AJAY VERMA India’s gold imports have reduced about 70 per cent to 25-30 tonnes after customs duty on the yellow metal was more than doubled to 15 per cent, an official said on Thursday….

See also: | Photo Credit: scanrail Gold rose more than ​1% on Thursday, recouping losses from the previous session, ⁠as a drop in oil prices following a US-Iran interim agreement dampened inflation expectations and supported bullion. Spot gold was up 1.4% at $4,316.42 per ounce, ‌as of 0242 GMT, after declining 1.7% on Wednesday. U.S….

Silver prices on Wednesday fell by ₹959 to ₹2,49,146 per kilogram as participants reduced their bets. On the Multi Commodity Exchange, silver contracts for July delivery declined by ₹959, or 0.38 per cent, to ₹2,49,146 per kg in a business turnover of 673 lots. Analysts said a sell-off by participants mainly weighed on silver prices….

Gold prices on Wednesday dropped ₹561 to ₹1,52,530 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 ₹561, or 0.37 per cent, at ₹1,52,530 per 10 grams in a business turnover of 613 lots. Analysts attributed the fall…