China and India have primarily ensured that net investments in physically-backed gold exchange-traded funds (ETFs) are positive, though 68 per cent of investors have exited as of April 17, data from the World Gold Council (WGC) showed. China has been the top source of investments in gold ETFs, making up $9.04 billion, followed by India…
Analysts said a sell-off by participants mainly weighed on silver prices. Silver prices on Thursday fell by ₹4,205 to ₹2,44,159 per kilogram as participants reduced their bets. On the Multi Commodity Exchange, silver contracts for the May delivery declined ₹4,205, or 1.69 per cent, to ₹2,44,159 per kg in a business turnover of 1,281 lots….
Gold and silver fell in early Friday trade, with spot gold down 0.23 per cent to $4,721.50 per ounce and silver declining 2.39 per cent to $76.03 per ounce, as a partial easing of US-Iran tensions reduced immediate safe-haven premiums even as crude oil held firm above $90. Gaurav Garg, research analyst at Lemonn Markets,…
Gold fell in choppy trade on Thursday as elevated oil prices fuelled fears of inflation and prolonged high interest rates, while investors looked for clarity on stalled peace talks between the US and Iran. Spot gold was down 0.7% at $4,705.09 per ounce, as of 0215 GMT. US gold futures for June delivery fell 0.6%…
India’s gold demand is expected to remain strong due to its deep cultural and financial relevance, but the way this demand is met will determine its broader economic impact, according to Keyur Shah, CEO of Muthoot Exim. He said organised gold recycling presents a viable solution by converting idle household gold into an active domestic…
A one-kilogram gold bar and a sealed gold coin are displayed at a jewellery store in Dubai. | Photo Credit: Amr Alfiky Gold prices in India saw a decrease in all key cities today, April 22, excepting in Chennai and Hyderabad. The price for 8 grams of 24-carat gold also dropped in all cities compared…
Nilesh Shah, Managing Director, Kotak Mahindra Asset Management Company (file photo) | Photo Credit: SHASHI ASHIWAL Gold worth nearly $700 billion lying idle in Indian households could be a powerful engine to fund the country’s growth, Nilesh Shah said, calling for a stronger push towards monetisation of household gold. In an exclusive interview with ANI,…
US gold futures for June delivery gained 1.3% to $4,778.30. Gold prices rose on Wednesday as lower oil prices, following a US extension of a ceasefire with Iran, eased fears of an inflation spike and prolonged high interest rates. Spot gold rose 1 per cent to $4,759.63 per ounce, as of 0809 GMT, after falling…
The immediate trigger is the ceasefire deadline expiring Wednesday evening. Gold prices are hovering in a narrow band on Wednesday as markets wait for clarity on US-Iran talks, with conflicting signals keeping both bulls and bears on the sidelines. Spot gold was trading at $4,794, while MCX Gold held within ₹1,53,500–₹1,54,000. Silver tracked gold lower,…
Gold and silver prices remained in a tight consolidation range on Tuesday as investors weighed the slim prospects of a U.S.-Iran peace deal ahead of a Wednesday ceasefire deadline, while crude oil surged on renewed fears over the Strait of Hormuz blockade. Spot gold was trading around $4,794–$4,825 per ounce, pinned within its recent $4,750–$4,850…
