India’s gems and jewellery exports fall as high gold prices hit shipments
India’s gems and jewellery exports declined 2.49% year-on-year in May due to high gold prices…
Gold rebounds ₹3,000 to ₹1.47 lakh/10g as weak US dollar revives bullion demand
Gold prices rebounded by ₹3,000 to ₹1.47 lakh per 10 grams in the national capital on Thursday as firm trends in the international markets and a weak US dollar revived demand for the precious metal. Halting a two-day slide, the yellow metal of 99.9 per cent purity climbed ₹3,000 to ₹1,47,500 per 10 grams (inclusive…
Gold rises on soft jobs data and weaker oil as focus shifts to US payrolls
Spot gold rose 0.7% to $4,057.92 per ounce. Gold prices rose on Thursday, supported by softer than expected jobs data and lower oil prices, while the market’s focus turned to today’s US payrolls report for fresh cues on the Federal Reserve’s trajectory. Spot gold rose 0.7 per cent to $4,057.92 per ounce, as of 0251…
Gold price drops ₹166 to ₹1,44,264/10g in futures trade
Globally, gold futures rose by 1.03% to $4,072.25 per ounce in New York. Gold prices on Thursday dropped by ₹166 to ₹1,44,264 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 ₹166, or 0.11 per cent, at ₹1,44,264…
Silver futures rise to ₹2.31 lakh per kg
Silver prices rose 0.53 per cent to ₹2.31 lakh per kg in the futures trade on Thursday amid firm global trend. On the Multi Commodity Exchange, the white metal for September delivery increased by ₹1,219, or 0.53 per cent, to ₹2,31,603 per kilogram in a business turnover of 1,325 lots. Fresh positions built up by…
Gold prices drop as firmer US Treasury yields, Fed rate outlook weigh
US gold futures for August delivery lost 1.1% to $3,992.70 on Wednesday. Gold prices fell on Wednesday after hitting a seven-month low in the previous session, pressured by higher Treasury yields, while fading prospects of a permanent US-Iran peace deal kept concerns over inflation and Federal Reserve rate hikes elevated. Spot gold was down 0.7…
Silver rebounds to ₹2.26 lakh/kg after early drop as global prices recover
Silver futures reversed early losses to climb nearly 2 per cent higher at ₹2.26 lakh per kilogram on Tuesday amid firm trends in the international markets. The white metal for September delivery climbed by Rs 3,693, or nearly 2 per cent, to Rs 2,26,327 per kilogram after opening lower on the Multi Commodity Exchange. Analysts…
Gold futures rise to ₹1.42 lakh/10g after early losses
Investors anticipate the possibility of three interest rate hikes this year by the US Fed | Photo Credit: scanrail Gold futures recovered from early losses to trade higher at ₹1.42 lakh per 10 grams on Tuesday as traders reassessed the US Federal Reserve’s interest rate outlook amid lingering geopolitical tensions and volatile crude oil prices….
Gold set for biggest quarterly fall since 2013 on hawkish Fed stance
Gold prices were set on Tuesday for their biggest quarterly drop since April 2013, as uncertainty in the Middle East gave way to expectations of U.S. rate hikes to tame elevated inflation. Spot gold inched 0.2 per cent higher to $4,026.17 per ounce by 0732 GMT, but has shed 11.2 per cent so far in…
Gold faces biggest monthly drop since late 2008 on hawkish Fed stance
Gold prices slipped more than 1% on Tuesday and were on track for their biggest monthly decline since October 2008, as uncertainty in the Middle East gave way to expectations of U.S. interest rate hikes to tame elevated inflation. Spot gold was down 1% at $3,975.04 per ounce, as of 0420 GMT, shedding 12.4% so…
Gold breaks 3-day falling streak, rises ₹1,300; silver drops ₹2,000
In the international markets, spot gold fell by $54.14, or 1.32%, to $4,035.12 per ounce, and silver declined nearly 3% to $57.62 per ounce. Snapping the three-day falling streak, gold prices rebounded by ₹1,300 to ₹1.46 lakh per 10 grams in the national capital on Monday on value buying by traders. According to the All…
