Gold prices fell on Monday, as a lack of progress in US–Iran peace negotiations pushed oil prices higher, fuelling concerns that elevated inflation could keep interest rates higher for longer. Spot gold fell 0.6% at $4,684.32 per ounce, as of 0223 GMT. US gold futures for June delivery lost 0.8% at $4,692.70. The dollar firmed,…
Gold and silver may remain range-bound for a second consecutive week as investors assess developments in US-Iran peace negotiations and global macroeconomic data, analysts said. Traders will track inflation data from China, Germany, and the United States, along with GDP numbers from the Eurozone and the UK, later this week, they added. “Gold prices momentum…
Global investors began rotating back into gold ETFs in April as India recorded positive flows of $297 million, marking its 11th consecutive month of inflows, according to a report by the World Gold Council (WGC). Following notable outflows in March, global physically backed gold ETFs recorded inflows of $6.6 billion during the month. As per…
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…
