Gold prices slumped by Rs 4,300 to Rs 1.56 lakh per 10 grams while silver crashed by Rs 10,000 to Rs 2.45 lakh per kg in the national capital on Wednesday as a fresh jump in crude oil rates and a strong US dollar weakened demand for the precious metals. According to local marketmen, gold…
After strong inflows in January, momentum tapered in subsequent months, indicating a gradual cooling in incremental allocations. Gold ETFs witnessed an outflow of ₹725 crore in May, breaking a 13-month streak of positive inflows, due to government appeals against purchasing the yellow metal and several asset management companies halting fresh inflows into these funds. This…
Gold prices fell more than 1 per cent on Wednesday, as oil prices rose on renewed hostilities between the U.S. and Iran, fuelling concerns about inflation and interest rate hikes. Spot gold fell 1.4 per cent to $4,203.20 per ounce by 0050 GMT. Bullion hit its lowest level since March 23 on Tuesday. U.S. gold…
Gold dropped below $4,300 an ounce, while silver, platinum and palladium followed the downtrend as the precious metals complex pared all the gains made this year. The precious metals complex, which witnessed a stupendous rally since 2024, has been heading south since the Iran war broke out on February 28. Gold prices, which soared to…
The Reserve Bank of India has announced the premature redemption price for Sovereign Gold Bonds issued under the 2019-20 Series VII. | Photo Credit: iStockphoto The Reserve Bank of India (RBI) has announced the premature redemption price for Sovereign Gold Bonds (SGBs) issued in the 2019-20 Series VII, according to a release. “In terms of…
India’s sharp increase in gold import tariffs is fuelling a resurgence in smuggling that could exceed 100 metric tonne this year, as soaring grey market margins allow smugglers to undercut banks and refiners of the precious metal, industry officials and bullion dealers said. India, the world’s biggest gold market after China, more than doubled import…
Gold futures edged higher near Rs 1.55 lakh per 10 grams as falling crude oil prices offered support to bullion markets. | Photo Credit: e-crow Gold futures edged up to nearly Rs 1.55 lakh per 10 grams in a range-bound trade on Tuesday as a decline in crude oil prices provided relief to the bullion…
See also: | Photo Credit: scanrail Gold prices steadied on Tuesday as traders assessed a fragile ceasefire between Israel and Iran and also watched out for signs of progress in the broader Middle East conflict, with concerns over inflation and interest rate hikes in focus. Spot gold held its ground at $4,332.50 per ounce, as…
Gold was steady after Israel and Iran agreed to end attacks that had jeopardised talks to end the war in West Asia. Bullion was near $4,320 an ounce on Tuesday, having closed the previous session little changed. The pledges from the two sides to stop missile strikes followed an appeal by US President Donald Trump…
For the year-to-date period, net investments were down by 17 per cent for the week ending June 5 to $15.28 billion from $18.46 billion in the week ending May 23 Investments in physically-based gold exchange-traded funds (ETFs) were negative last week, making net inflows negative for the fourth week in a row, data from the…
