Gold prices scaled a fresh all-time high above $5,250 per ounce on Wednesday, while silver surged to ₹4 lakh per kilogram in Indian markets, driven by a sharp decline in the US dollar and mounting economic uncertainty. Spot gold on Comex touched $5,258, gaining over 3 per cent, while MCX gold climbed to ₹1,62,500. Silver…
Rescue work underway after an aircraft carrying Maharashtra Deputy Chief Minister Ajit Pawar crashed during landing, at Baramati in Pune district, Maharashtra, Wednesday, Jan. 28, 2026. Pawar, along with three others on board, was killed in the crash. | Photo Credit: PTI A chartered aircraft carrying NCP leader and Maharashtra Deputy Chief Minister Ajit Pawar…
* Spot gold jumped 1.1% to $5,243.58 per ounce, as of 0314 GMT, after scaling a record high of $5,247.21 earlier, up more than 20% since the start of the year. U.S. gold futures for February delivery surged 3.1% to $5,237.70 per ounce. “(Gold’s rise) is due to the very strong indirect correlation with the…
Kirit Bhansali, Chairman, GJEPC | Photo Credit: EMMANUAL YOGINI With exports of Indian jewellery to the US down 44 per cent, the newly-signed India-European Union Free Trade Agreement (FTA) is expected to provide a lifeline to the sector, particularly for export hubs in Gujarat, Rajasthan, Maharashtra and West Bengal, said Gem and Jewellery Export Promotion…
COMEX gold scaled a fresh all-time high of $5,111 per ounce on Tuesday before settling near $5,067, driven by sustained safe-haven demand and central bank buying. Silver jumped to $117.75, marking its own record peak, as geopolitical tensions and US-South Korea tariff threats intensified. On the Multi Commodity Exchange (MCX), gold rose over 1 per…
Stakeholders from the Indian bullion and jewellery sectors have sought several policy measures from the Government in the forthcoming Budget, including the rationalisation of duty and tax structures, to ensure fairness, competitiveness, and long-term sustainability of the sectors. Prithviraj Kothari, Managing Director at RiddiSiddhi Bullions Ltd and President of the India Bullion and Jewellers’ Association…
Indian gold and silver futures jumped to record highs early on Tuesday, tracking gains in overseas prices and supported by the rupee’s slide near an all-time low, dealers said. Domestic gold futures rose 2.4% to a record high of 159,820 rupees per 10 grams in early trade, while silver futures jumped 6% to an all-time…
With gold prices surging, the Union Budget is likely to provide a higher allocation to the Gold Reserve Fund in both the revised estimates (RE) for FY26 and the budget estimates (BE) for FY27. The fund is primarily used to meet redemption payouts under the Sovereign Gold Bond (SGB) scheme. A key driver of the…
Analysts cited a growing crisis of confidence in U.S. assets following erratic trade and tariff threats by President Donald Trump. Other precious metals also rallied, with silver, platinum and palladium touching fresh highs. Analysts see further upside for gold in 2026. | Photo Credit: style-photography Gold surged to a record high above $5,100 an ounce…
Analysts said erratic trade and tariff signals from the Trump administration have shaken confidence in U.S. assets, driving investors toward gold. Silver, platinum and palladium also gained sharply, with silver hitting fresh record highs. | Photo Credit: style-photography Gold surged to a record high above $5,000 an ounce on Monday, extending a historic rally as…
