On MCX, gold for April delivery was down 3 per cent at ₹139,542 per 10 g Gold prices crashed 5 per cent or ₹7,649 to ₹1,39,569 per 10 grams against ₹147,218 on Friday, largely taking cues from the global markets where it witnessed the sharpest monthly fall since 1975. Similarly, silver plunged 6 per cent…
New Delhi, March 23 Gold prices plummeted sharply by more than 10 per cent to ₹1.29 lakh per 10 grams in futures trade on Monday amid a global sell-off in precious metals driven by macroeconomic pressures. On the Multi Commodity Exchange, the yellow metal dived by ₹14,897, or 10.3 per cent, to ₹1,29,595 per 10…
Shares of gold loan financiers came under pressure on Monday, March 23, as a sharp decline in bullion prices dampened investor sentiment across the sector. Stocks of Manappuram Finance and Muthoot Finance fell over 5 per cent during morning trade, mirroring weakness in gold prices. Manappuram Finance Ltd. shares declined 3 per cent on the…
Gold prices plunged sharply by ₹8,089 to ₹1.36 lakh per 10 grams in futures trade on Monday, tracking a global selloff amid rising inflation fears and a firm US dollar. On the Multi Commodity Exchange, the yellow metal for April delivery slumped by ₹8,089, or 5.6 per cent, to ₹1,36,403 per 10 grams. Last week,…
Domestic consumption and gems and jewellery exports are expected to face stress from higher inflation and USD strength. Experts recommend a sell-on-rallies approach, with gold resistance at ₹1,52,000 and silver at ₹2,60,000, signaling continued downside pressure in the near term. | Photo Credit: iStockphoto Gold and silver contracts on the Multi-Commodity Exchange hit lower circuits…
Silver prices nosedived to hit their lower circuit in futures trade on Monday, tumbling by ₹20,409 to ₹2.06 lakh per kilogram amid weak global trends and sustained selling pressure. On the Multi Commodity Exchange, silver for May delivery slumped ₹20,409, or 9 per cent, to ₹2,06,363 per kilogram, its lower circuit limit. Analysts said the…
Silver prices extended their decline on Monday, with both COMEX and MCX contracts opening sharply lower, deepening a corrective phase that has now wiped out a significant portion of the metal’s earlier gains amid a broad global risk-off selloff. COMEX Silver opened with a gap-down but held above the $64 support level. The metal, which…
Gold prices slipped more than 2 per cent on Monday, extending their drop to a roughly four-month low, as an escalating Middle East conflict stoked inflation concerns and expectations of higher global interest rates. Spot gold was down 2.5 per cent at $4,372.86 per ounce, as of 0238 GMT, extending losses for a ninth consecutive…
Bullion-backed ETFs are set for a third week of outflows, with holdings falling more than 60 tonnes in that period, data compiled by Bloomberg show. Gold headed for its biggest weekly loss since 1983, as war in the Middle East boosted energy prices and reduced expectations for interest-rate cuts. Bullion’s decline deepened as the dollar…
But, a short-lived recovery is likely
