Gold prices fell to a near one-week low on Monday, pressured by a stronger dollar, while a surge in oil prices following failed U.S.-Iran peace talks fuelled inflation worries and dampened expectations for Federal Reserve interest rate cuts this year. Spot gold was down 0.6% at $4,718.98 per ounce, as of 0222 GMT, after hitting…
Even as gold prices scale record highs, India’s jewellery market is showing a clear split in consumer behaviour, one that is reinforcing, rather than weakening, the premiumisation trend. Industry leaders say rising prices have done little to dent demand for high-value, design-led pieces. Instead, they have sharpened consumer segmentation. “Premiumisation and formalisation are only gaining…
Gold has held a unique place in financial history. For centuries, it has served as money, a reserve asset, and a store of value. Its appeal is straightforward: it is scarce, durable and carries no issuer risk. Gold does not depend on a government’s promise, a company’s earnings or a bank’s solvency. And that is…
Investors are shifting from traditional jewelry to digital gold primarily due to cost- efficiency, accessibility and security. While jewelry remains culturally significant for weddings and festivals, it is increasingly viewed as an inefficient investment vehicle compared to digital alternatives like Digital Gold, Gold ETFs, and Sovereign Gold Bonds (SGBs). Transition Drivers · Jewellery carries extra…
After the steady rally in recent times, the sudden fall in precious metal prices made investors trim down their investment in gold and silver exchange traded funds. Inflows into gold ETFs fell by 56 per cent to ₹2,266 crore against the record inflow of ₹5,255 crore logged in February as the sudden fall in prices…
Gold prices on Friday dropped ₹1,363 to ₹1,52,071 per 10 grams in futures trade amid a fall in spot demand. On the Multi Commodity Exchange, gold contracts for June delivery traded lower by ₹1,363, or 0.89 per cent, at ₹1,52,071 per 10 grams in a business turnover of 2,219 lots. Analysts attributed the fall in…
Gold demand in India picked up slightly this week ahead of a key festival, although elevated prices weighed on sentiment, while premiums in China narrowed as retail demand slowed. Akshaya Tritiya, the second-biggest gold-buying festival in India after Dhanteras when buying gold is considered auspicious, will be celebrated on April 19. “Retail buyers have started…
Looking ahead, the World Gold Council found that fundamentals began to reassert themselves as the dollar struggled to sustain gains and early April ETF flows turned positive. Gold fell 12 per cent in March to $4,608/oz, its weakest month since June 2013, according to a report by the World Gold Council (WGC). The precious metal…
Gold prices pared early losses to trade higher at ₹1.51 lakh per 10 grams in futures trade on Thursday, supported by cautious buying amid a fragile ceasefire between the US and Iran. On the Multi-Commodity Exchange, the yellow metal contract for June delivery opened lower, but later reversed losses to trade in the green territory….
Spot gold has declined more than 10% since the US-Israeli war on Iran began on February 28, as higher energy prices fuelled inflation concerns and prompted markets to reassess interest rate expectations. Gold prices held steady on Thursday as market players remained cautious about the direction of US-Iran ceasefire talks, with a key US inflation…
