GoM on rate rationalisation approves Centre’s two-rate GST proposal
Image for representation only | Photo Credit: Getty Images/iStockphoto The Group of Ministers (GoM) on…
Fresh positions built up by participants led to a rise in silver prices, analysts said. Silver prices rose 1.42 per cent to ₹2.62 lakh per kg in the futures trade on Friday amid West Asia crisis. On the Multi Commodity Exchange, the white metal for July delivery increased by ₹3,660, or 1.42 per cent, to…
Globally, gold futures rose 0.91% to $4,728.57 per ounce in New York. Gold prices on Friday rose by ₹689 to ₹1,52,950 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for August delivery traded higher by ₹689, or 0.45 per cent,…
Gold demand in India was muted this week, as a price recovery prompted potential buyers to postpone purchases, while China premiums remained steady on safe-haven demand. Spot gold prices have risen over 2 per cent so far this week on easing fears of inflation and higher interest rates, as investors remained optimistic about a US-Iran…
Gold rose as signs of buying interest emerged in the wake of strong purchases by China’s central bank, even as fresh clashes in the Middle East threatened to fracture a fragile ceasefire. Bullion traded near $4,720 an ounce, after ending the previous session marginally lower. The US struck military targets in Iran after the country…
MMTC-PAMP, a London Bullion Market Association (LBMA) Good Delivery gold and silver refiner, has relaunched its digital gold and silver offering for investors and customers seeking a transparent and secure way to invest in 24K gold and 999.9 purity silver. The digital platform provides an entry point in gold and silver investment as low as…
Globally, gold futures rose 0.13% to $4,697.6 per ounce in New York. Gold prices on Thursday rose by ₹531 to ₹1,52,663 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for June delivery traded higher by ₹531, or 0.35 per cent,…
Silver prices rose 1.21 per cent to ₹2.56 lakh per kg in the futures trade on Thursday, amid uncertainty over West Asia peace deal. On the Multi Commodity Exchange, the white metal for July delivery increased by ₹3,068, or 1.21 per cent, to ₹2,56,333 per kilogram in a business turnover of 1,053 lots. Fresh positions…
According to the report, gold fell 14.5% in March — the first month of the conflict — while global equities and US Treasury indices also declined, though by smaller margins. Gold’s traditional reputation as a safe-haven asset is facing fresh scrutiny after prices declined during the ongoing Iran conflict, according to a report by Morgan…
Gold rose for a third straight session on Thursday, supported by a softer dollar as hopes grew for a potential peace deal between the United States and Iran. Spot gold was up 0.3 per cent at $4,701.19 per ounce, as of 0231 GMT, after rising about 3 per cent on Wednesday to hit its highest…
Gold prices jumped by ₹3,224 to ₹1,50,860 per 10 g against ₹147,636 on Tuesday on hopes of an early end to the ongoing West Asia war. Silver prices jumped ₹8,602 to ₹2,49,067 a kg from the previous close of ₹2,40,465 on expectation of higher demand. The sharp recovery in bullion prices followed prospects of a…