While gold is considered an inflation hedge, high interest rates make yield-bearing assets more attractive, weighing on its appeal. | Photo Credit: FRANCIS MASCARENHAS Gold prices eased on Tuesday, as investors watched for the impact of the West Asia conflict and stalled US-Iran peace talks on the interest rate outlook of key central banks that…
Gold ETF inflows turn negative, driven by North American investors Investments in physically-backed gold exchange-traded funds (ETFs) turned negative last week, after rising for two consecutive weeks, data from the World Gold Council (WGC) showed. For every $1 that was invested, there were more than double the exits during the week, with North American investors…
Gold recouped early losses on Monday to trade largely steady, helped by a slightly softer dollar, while investors looked for progress on the stalled peace talks between the United States and Iran. Spot gold was steady at $4,707.75 per ounce, as of 0233 GMT, after shedding 0.8 per cent earlier in the session. Last week,…
Gold and silver may face some selling pressure this holiday-shortened week as traders track peace talks between the US and Iran, crude oil rates and the Federal Reserve’s policy decision, analysts said. Domestic commodity markets would remain closed on Friday on account of Maharashtra Day. “Focus in the coming week will remain on the progress…
The World Gold Council (WGC) has proposed an initiative to build a physically-backed shared infrastructure to advance the growth of digital gold. WGC through a white paper has proposed the concept of ‘Gold as a Service’, a platform owned and operated by the World Gold Council and built as shared infrastructure that any market participant…
Exporters of gold and silver jewellery will now get higher refunds under the Drawback Rules. Finance Ministry has notified a quarterly review of All India Rates of Duty Drawback for gold jewellery and silver jewellery/articles. Accordingly, new rate under tariff item 711301 (pertaining to articles of jewellery and parts, made of gold) will be ₹773.17…
Gold prices increased in the domestic market despite the weak trend in global markets as the rupee continued to depreciate against the dollar. The yellow metal prices were up by ₹420 on Friday to ₹1,51,479 per 10 g against ₹1,51,059 on Thursday. In fact, the precious metal opened weak by ₹395 at ₹1,50,664 but gained…
Gold prices fell ₹462 to ₹1.51 lakh per 10 grams in futures trade on Friday, tracking weak global trends amid a stronger US dollar and rising crude oil rates. On the Multi Commodity Exchange, the yellow metal for June delivery declined ₹462, or 0.3 per cent, to ₹1,51,299 per 10 grams in a business turnover…
Silver prices plunged ₹2,577 to ₹2.38 lakh per kilogram in the national capital on Friday, tracking weak trends and subdued demand by investors. On the Multi Commodity Exchange, the white metal for May delivery depreciated by ₹2,577, or 1.07 per cent, to ₹2,38,936 per kg. Analysts said silver prices fell in line with losses in…
See also: | Photo Credit: scanrail Gold prices fell on Friday and were on track for a weekly drop, as elevated oil prices fuelled fears of inflation and higher-for-longer interest rates amid stalled U.S.-Iran peace talks. Spot gold was down 0.7% at $4,661.33 per ounce, as of 0426 GMT. The metal is down 3.5% so…
