Precious metals witnessed a considerable rally last week. Gold ($4,342/ounce) and silver ($63.90/ounce) surged 7.3 per cent and 10.3 per cent, respectively. Similarly, in the domestic market, gold futures (₹1,51,820/10 gm) was up 5.9 per cent and silver futures (₹2,31,466/kg) gained 6.6 per cent. Below is an analysis. MCX-Gold (₹1,51,820) Gold futures (Oct), which saw…
Jewellery revenue climbed 36 per cent to ₹18,867 crore, with brands including Tanishq, Mia, Zoya, beYon and CaratLane delivering strong performance. | Photo Credit: FRANCIS MASCARENHAS Retail major Titan Company posted a 40% year-on-year (y-o-y) growth in total income to ₹20,212 crore in Q1 FY27, led by a 36% increase in its jewellery business to…
Gold, which has gained nearly $200 this week, was ruling around $4,000 an ounce in the second half of July. This encouraged investors to return to ETFs, as they found value. | Photo Credit: istock.com Investments in physically backed gold exchange-traded funds (ETFs) continued to be positive for the second week in a row last…
On the Multi Commodity Exchange, gold contracts for October delivery traded higher by ₹1,272, or 0.85 per cent, at ₹1,50,130 per 10 gram. | Photo Credit: iStockphoto Gold prices on Friday rose ₹1,272 to ₹1.50 lakh per 10 grams in futures trade as speculators created fresh positions on a firm spot demand. On the Multi…
Gold prices held firm above $4,200 per ounce on Friday, headed for their strongest weekly performance since January, as optimism over a potential diplomatic resolution in the West Asia and cooling US rate-hike expectations continued to support precious metals ahead of a closely watched jobs report. Spot gold traded at $4,262.39 per ounce, up 0.60…
U.S. gold futures gained 0.3% to $4,312.00. | Photo Credit: istock.com Gold prices firmed on Friday and were en route to their biggest weekly gain since January, helped by weaker oil prices, while investors awaited key U.S. nonfarm payrolls data for clues on the interest rate outlook. Spot gold was up 0.4% at $4,254.11 per…
Gold prices up in India | Photo Credit: K K Mustafah Gold prices in India rose today across all cities. The price for 8 grams of 24-carat gold also increased in all cities compared to yesterday. Below is a detailed breakdown of gold prices in key cities. Gold rates in India: Gold prices in India…
U.S. gold futures rose 0.9% to $4,345.80. A sustained break above the 200-day moving average could pave the way for a stronger recovery toward the $5,000 mark | Photo Credit: istock.com Highlights * Spot gold posts biggest daily gain since February on Wednesday * Proposed Hormuz deal would give Iran control of inbound traffic *…
Gold prices down in India | Photo Credit: K K Mustafah Gold prices in India fell today across all cities. The price for 8 grams of 24-carat gold also decreased in all cities compared to yesterday. Below is a detailed breakdown of gold prices in key cities. Gold rates in India: Gold prices in India…
3D illustration of a gold bars. | Photo Credit: Stiggdriver Central banks across the world continued buying gold for the third consecutive month in June, data from the World Gold Council (WGC) showed. It was the highest purchase by them this year. “Central banks bought 51 tonnes of gold in June, with Poland and China…
