With gold hovering around $4,000 an ounce levels and its near-term environment challenging, the precious metal’s price outlook has been lowered by investment banks and rating agencies. “While we remain constructive on gold over the medium term, the near-term environment has become more challenging. As a result, we are lowering our gold price forecasts,” said…
Gold started trading at a premium in India this week for the first time in a month and a half, as a price correction lifted buying, while demand stayed subdued in top consumer China. Gold prices in India fell to 140,543 rupees per 10 grams on Thursday, their lowest level since March 27, tracking a…
For the week, bullion was on track for a loss of 4%, having slipped below the key $4,000 level for the first time since November 2025 on Wednesday (June 24,2026). Gold was set for a fourth straight weekly fall on Friday, as a resilient dollar and expectations of faster US rate hikes to tame inflation…
Silver has given up all its gains made this year, while gold is headed for a similar trend, as both precious metals have declined by 13 per cent and over 5 per cent, respectively, over the past week. The plunge in precious metals was in sync with the global trend, where they have dropped to…
According to the All India Sarafa Association, gold of 99.9% purity fell by ₹2,800 to ₹1,45,300 per 10 grams (inclusive of all taxes) from the previous level of ₹1,48,100 per 10 grams. Gold prices declined by ₹2,800 to ₹1.45 lakh per 10 grams and silver by ₹5,000 in the national capital on Thursday amid subdued…
Gold futures recovered marginally on Thursday, rising ₹405 to ₹1.41 lakh per 10 grams as traders resorted to value buying after a sharp selloff, even as concerns over a strong dollar and the US interest-rate outlook kept sentiment cautious. On the Multi Commodity Exchange (MCX), the yellow metal for August delivery increased by ₹405, or…
Gold prices on Thursday dropped ₹32 to ₹1,41,238 per 10 grams in futures trade amid a fall in spot demand. On the Multi Commodity Exchange, yellow metal contracts for August delivery traded lower by ₹32, or 0.02 per cent, at ₹1,41,238 per 10 grams in a business turnover of 1,279 lots. Analysts attributed the fall…
Gold extended losses on Thursday, after breaking below the key $4,000-per-ounce level for the first time in seven months a day earlier, as the dollar held strong on rising expectations of Federal Reserve interest rate hikes this year. Spot gold was down 0.7 per cent at $3,971.08 per ounce, as of 0311 GMT. US gold…
The probe further highlighted unusually low remuneration to top executives despite high revenues, and a reported 40% mismatch in stock records during physical verification. The Enforcement Directorate on Wednesday alleged that gold refining and jewellery manufacturing company Rajesh Exports’ key business indicators showed “significant” departures from normal commercial practices, in addition to the non-availability of…
Andhra Pradesh Chief Minister N Chandrababu Naidu Andhra Pradesh Chief Minister N Chandrababu Naidu on Wednesday inaugurated the country’s first private gold mine and gold processing unit, set up by Geomysore Services at Jonnagiri in Kurnool district. Addressing the gathering, Naidu said Geomysore Services had invested ₹405 crore in the project. The unit is expected…
