Silver futures jumped by Rs 3,132 to Rs 2.42 lakh per kilogram on Friday as traders scrambled back into precious metals after US President Donald Trump called off planned military strikes on Iran, easing concerns over geopolitical tensions. On the Multi Commodity Exchange, the white metal climbed by Rs 3,132, or 1.31 per cent, to…
Gold demand in India improved slightly this week as softer prices drew in jewellery buyers even as caution prevailed, while premiums in China eased. Gold prices in India dropped to their lowest since April 2 at 146,444 rupees per 10 grams on Thursday, and are down 1.5% for the week so far. Demand improved as…
File photo: Spot gold was down 0.5% at $4,191.17 per ounce, as of 0252 GMT, and was set for a weekly loss of 3.2%. | Photo Credit: – Gold prices fell on Friday and were on track for a weekly loss, pressured by concerns around inflation and potential US Federal Reserve interest rate hikes. Spot…
Gold prices edged lower on Friday and were on track for a weekly loss amid inflation concerns and potential US Federal Reserve interest rate hikes. Fundamentals Spot gold was down 0.3 per cent at $4,200.82 per ounce, as of 0101 GMT, and was set for a weekly loss of 2.8 per cent. US gold futures…
While fall in prices usually lead to higher demand, gold jewellery buyers tend to postpone purchases in anticipation of further decline. The sharp fall in gold prices, coupled with subdued demand, is expected to exert pressure on margins of jewellery companies in the June quarter. Gold prices have been on a steady fall both in…
Gold prices slid for the second straight day, declining by ₹2,100 to ₹1.53 lakh per 10 grams in the national capital on Thursday amid rising tensions in West Asia, which kept investors’ sentiment subdued in the bullion market. According to marketmen, the yellow metal of 99.9 per cent purity depreciated by ₹2,100 to ₹1,53,900 per…
In global markets, Comex gold futures for August contract slipped for the fifth consecutive session, falling by $17.23, or 0.42%, to $4,116.07 per ounce in New York. Extending losses for the fifth consecutive session, gold prices fell ₹277 to ₹1.47 lakh per 10 grams in futures trade on Thursday, tracking losses in the international markets…
Gold prices rose on Thursday, rebounding from a six-month low, as investors covered their short positions, though concerns around higher inflation and US interest rates capped gains. Spot gold rose 0.6 per cent to $4,097.01 per ounce at 0836 GMT after hitting its lowest point since November 21 earlier in the session. US gold futures…
FILE PHOTO: Gold bars are displayed at a gold jewellery shop in the northern Indian city of Chandigarh. | Photo Credit: AJAY VERMA Gold prices in India saw decrease today across all cities. The price for 8 grams of 24-carat gold also dropped in all cities compared to yesterday. Below is a detailed breakdown of…
Gold prices spiked up after the US strikes against Iran. President Donald Trump accused Iran of dragging out talks on an interim peace deal. In response, Tehran said it was closing the Strait of Hormuz to all vessels. | Photo Credit: FRANCIS MASCARENHAS Gold whipsawed after the US completed a fresh round of strikes against…
