Gold and silver are expected to remain range-bound with a positive bias next week as investors track geopolitical developments in West Asia and key global macro data, analysts said. On the domestic front, investors will also be looking for the Reserve Bank of India’s monetary policy mid-week, they added. Investors will also monitor a series…
Spot gold ended the sharp surge of three sessions on Thursday. Silver prices fell sharply by ₹9,000 to ₹2.37 lakh per kilogram in the national capital on Thursday, while gold declined ₹3,500 to ₹1.51 lakh per 10 grams amid a bearish sentiment in the domestic market. According to the All India Sarafa Association, the white…
Gold purchases by central banks in February were led by the National Bank of Poland (NBP) and Uzbekistan but Turkiye and Russia turned sellers, data from the World Gold Council (WGC) showed. Banks were net buyers of 19 tonnes, driven largely by a 20-tonne purchase by NBP. The Polish central bank resumed buying after a…
Gold traded at a premium in India this week for the first time in two months, as softer prices boosted demand for the metal, while premiums in China ticked down slightly as buyers awaited a deeper correction. Dealers quoted discounts of up to $8 an ounce and premiums of $2 an ounce over official domestic…
Silver prices slumped ₹14,301 to ₹2.29 lakh per kilogram in futures trade on Thursday amid renewed escalation signals from President Donald Trump on the Iran conflict, lifting the US dollar and weighed on precious metals. Ending a four-day rally, the white metal dived by ₹14,301, or 5.87 per cent, to ₹2,29,200 per kilogram on the…
Gold retreated from two-week highs on Thursday after US President Donald Trump said that Washington would continue its military campaign in Iran in the coming weeks, pushing crude prices sharply higher and dampening hopes of interest rate cuts. Spot gold was down 2 per cent at $4,664.39 per ounce, as of 0439 GMT, snapping a…
Highlights Trump vows to strike Iran “extremely hard” over next few weeks US dollar advances; Brent surges over 4% Fed’s Alberto Musalem says no need to change interest rate stance now Gold prices reversed course to slip more than 1% on Thursday, snapping a four-day winning streak, after U.S. President Donald Trump said the United…
The move follows concerns that some traders were exploiting duty differences through FTAs, particularly with ASEAN countries. | Photo Credit: FRANCIS MASCARENHAS The government on Wednesday announced curbs on imports of gold, platinum and silver jewellery with immediate effect, a move aimed at checking misuse of free trade agreements (FTAs). These restrictions will operate irrespective…
Gold prices increased by ₹4,120 or 3 per cent on Wednesday to ₹1,50,853 per 10 gram against ₹1,46,733 in the previous trading session on the back firm trend in the global markets. It opened on strong note at ₹1,49,569 per 10 gram and rallied further on global cues, said the Indian Bullion and Jewellers Association…
