Higher duty may lead to gold demand lowering by 60 tonnes saving $2.5 billion: Economists
According to estimates by the World Gold Council, every 1 per cent increase in import…
Duty hike to push gold jewellery volumes to decadal low, but credit profiles seen stable: Crisil Ratings
The Indian organised gold jewellery retail sector is set for a decadal-low in sales volume this fiscal as high gold prices and a sharp hike in customs duty curb demand, though credit profiles of retailers are expected to remain stable on higher realisations, according to a research report by Crisil Ratings. Sales volume for the…
Jewellery sales volume will drop to 10-year low on high prices, hike in import duty
The organised gold jewellery retail sector, comprising jewellery, coins and bars, is expected to see sales volume decline further by 13-15 per cent this fiscal to 10-year-low. The jewellery sales were down 8 per cent last fiscal, due to high prices of gold and recent policy measures to curb imports of the metal. Despite the…
Price volatility keeps India gold demand subdued, China premiums ease
Gold kept trading at a steep discount in India this week, as price volatility dampened demand, while premiums eased in China. Dealers in India quoted discounts of up to $78 an ounce over official domestic prices this week, inclusive of 15% import and 3% sales levies, down from the prior week’s record discounts of up…
Gold futures drop to ₹1,59,085/10g
Gold prices on Friday dropped Rs 521 to Rs 1,59,085 per 10 grams in futures trade amid a fall in spot demand. On the Multi Commodity Exchange, gold contracts for the June delivery traded lower by Rs 521, or 0.33 per cent, at Rs 1,59,085 per 10 grams in a business turnover of 790 lots….
Silver futures fall to ₹2.7 lakh/kg
Silver prices on Friday fell by Rs 1,883 to Rs 2,73,000 per kilogram as participants reduced their bets. On the Multi Commodity Exchange, silver contracts for the July delivery declined by Rs 1,883, or 0.69 per cent, to Rs 2,73,000 per kg in a business turnover of 1,492 lots. Analysts said a sell-off by participants…
Gold slips on stronger dollar, Fed rate-hike bets
Gold edged lower on Friday, pressured by a stronger US dollar and as elevated oil prices have raised expectations for interest rate hikes by the US Federal Reserve. Spot gold was down 0.3% at $4,527.60 per ounce, as of 0411 GMT. The metal has shed about 0.2% so far in the week. US gold futures…
What pushed gold to $4,540? Iran deal optimism sends silver up 3%
Gold and silver prices extended gains on Thursday as hopes of a US-Iran peace agreement and a weaker US dollar boosted investor demand for precious metals | Photo Credit: Inok Gold and silver prices rose on Thursday, extending Wednesday’s recovery, as optimism around a potential US-Iran peace agreement and a retreat in the US dollar…
Gold loans jump over 50% y-o-y, drive India’s retail credit growth: Report
The report highlighted that growth in the retail credit market is increasingly shifting toward secured lending, led by gold loans and supported by stable housing finance. India’s retail lending market continued to expand in Q4 FY26, though growth moderated sequentially to 4.6 per cent quarter-on-quarter, with gold loans emerging as the biggest driver as lenders…
Gold falls to 1-1/2-month low on higher US yields, firm dollar
Gold prices eased on Wednesday to their lowest point in 1-1/2 months, as high Treasury yields and a firm dollar outweighed optimism over a potential U.S.-Iran peace agreement. Spot gold was down 0.2% at $4,472.09 per ounce, as of 0615 GMT, having touched its weakest level since March 30. U.S. gold futures for June delivery…
Gold eases as higher yields, firm dollar offset US-Iran peace hopes
Gold prices nudged lower on Wednesday, as rising Treasury yields and a firm dollar outweighed optimism over a potential U.S.-Iran peace agreement. Spot gold was down 0.3% at $4,467.59 per ounce, as of 0233 GMT. In the previous session, bullion hit its lowest level since March 30. US gold futures for June delivery lost 0.9%…
