Indian rupee falls 5 paise to 89.95 against U.S. dollar in early trade
Representative image. | Photo Credit: Getty Images/iStockphotos The rupee fell 5 paise to 89.95 against…
Gold ETF investors exits highest last week for this year; outflows continue for 4th week in a row
For the year-to-date period, net investments were down by 17 per cent for the week ending June 5 to $15.28 billion from $18.46 billion in the week ending May 23 Investments in physically-based gold exchange-traded funds (ETFs) were negative last week, making net inflows negative for the fourth week in a row, data from the…
Silver futures decline to ₹2.4 lakh/kg
Silver prices on Monday fell by ₹8,245 to ₹2,40,292 per kilogram as participants reduced their bets. On the Multi Commodity Exchange, silver contracts for July delivery declined by ₹8,245, or 3.32 per cent, to ₹2,40,292 per kg in a business turnover of 3,948 lots. Analysts said a sell-off by participants mainly weighed on silver prices….
Gold futures drop to ₹1,53,220/10g
Gold prices on Monday dropped ₹2,374 to ₹1,53,220 per 10 grams in futures trade amid a fall in spot demand. On the Multi Commodity Exchange, gold contracts for the August delivery traded lower by ₹2,374, or 1.53 per cent, at ₹1,53,220 per 10 grams in a business turnover of 1,730 lots. Analysts attributed the fall…
Gold drops ₹1,100, silver extends slide as oil surge stokes inflation fears
Gold prices declined by Rs 1,100 to Rs 1.58 lakh per 10 grams in the national capital on Monday, tracking losses in global markets amid rising crude oil rates and heightened concerns over inflation. According to local marketmen, the yellow metal of 99.9 per cent purity dropped Rs 1,100 to Rs 1,58,800 per 10 grams…
Gold extends losses on US interest rate-hike fears
Gold prices extended losses on Monday on rising fears of a US rate hike after a strong jobs report, while renewed hostilities in West Asia pushed oil prices higher and fanned inflation concerns. Spot gold fell 0.4 per cent to $4,313.11 per ounce by 0302 GMT. Prices fell about 3 per cent on Friday, hitting…
India’s changing relationship with gold: From ownership to financial utility
For decades now, Indians have preferred to mortgage their gold rather than selling them when faced with financial challenges. India’s households possess around 30,000 tonnes of gold holdings, which places them among the largest owners of gold in the world. However, the majority of the holdings have been economically inactive assets, stored either in bank…
Gold falls most in two months as jobs fuel Fed rate-hike bets
Spot gold fell 3.3% to $4,327.95 an ounce as of 2:23 p.m. in New York. Gold fell the most in more than two months as robust US jobs data fuelled bets that the Federal Reserve will likely raise interest rates this year, a headwind for the precious metal. Bullion declined as much as 3.4 per cent as bond yields…
Silver futures fall to ₹2.5 lakh/kg
Globally, silver was trading 2.01% lower at $72.39 per ounce in New York. Silver prices on Friday fell by ₹5,811 to ₹2,58,985 per kilogram as participants reduced their bets. On the Multi Commodity Exchange, silver contracts for July delivery declined by ₹5,811, or 2.19 per cent, to ₹2,58,985 per kg in a business turnover of…
Gold futures drop to ₹1,58,011/10g
Globally, gold futures declined by 0.58% to $4,449.01 per ounce in New York. Gold prices on Friday dropped ₹1,536 to ₹1,58,011 per 10 grams in futures trade amid a fall in spot demand. On the Multi Commodity Exchange, gold contracts for the August delivery traded lower by ₹1,536, or 0.96 per cent, at ₹1,58,011 per…
Gold slips, set for weekly loss on West Asia tensions, rate-hike fears
Gold prices fell on Friday, and were poised for a weekly loss, as tensions in West Asia dampened hopes for a US-Iran peace deal amid rising inflation and interest rate-hike fears. Spot gold was down 0.5 per cent at $4,452.20 per ounce, as of 0225 GMT. It has fallen about 1.8 per cent for the…
