UK gold bullion bars are stacked at Baird & Co in Hatton Garden in London, Britain. | Photo Credit: Hiba Kola Gold prices in India have seen an upward trend today, March 2, with an increase seen across all major cities. The price of both 22-carat and 24-carat gold has risen compared with the previous…
Gold prices could surge to $6,000 per ounce, and Rupee may weaken to ₹92-92.5 against USD if West Asian conflict escalates further, according to a report by Elara Capital. The report said gold stands to benefit significantly from rising geopolitical tensions. Apart from continued central bank and ETF-related buying, gold is likely to receive an…
Gold and silver prices jumped sharply after US and Israeli military strikes on Iran triggered a broad risk-off sentiment across global markets, pushing investors toward safe-haven assets and sending crude oil surging nearly 9 per cent in early Asian trade. On MCX, gold crossed the ₹1,60,000 structural pivot and is now trading around ₹1,62,000, with…
Stock exchange concept. Golden stock candle bars on dark navy background with a grid pattern istock photo for BL | Photo Credit: sankai old and silver prices rose sharply after the US and Israel launched a war on Iran. Both the precious metals surged over 3 per cent on MCX to ₹1,67,197 per 10 gm…
Precious metal prices are likely to see a fiery start to the week when trading resumes on Monday, as investors would rush for safe-haven assets amid global uncertainties following the escalating the Middle East tension, analysts said. President Donald Trump announced “major combat operations” in Iran after Israeli strikes on Tehran. Iranian state media confirmed…
The recent volatile bullion prices coupled with market inefficiencies and increased inflows have taken a toll on tracking error and total expense ratio (TER) in gold and silver exchange traded funds. Tracking error in ETFs is a crucial performance metric measuring the difference between an ETF return and its benchmark index return. A higher tracking…
Even as gold prices go beyond the reach of the commoners, experts said the yellow metal remains a good investment with potential to move higher in the future. In the session Precious Metals: Beyond Aam Aadmi’s Reach, experts concurred that they do not see any immediate relief in the volatility of gold prices unless global…
Fresh positions built up by participants led to a rise in silver prices, analysts said. Silver prices rose 3.17 per cent to ₹2.67 lakh per kg in the futures trade on Wednesday, amid renewed uncertainty over US trade policy. On the Multi Commodity Exchange, the white metal for March delivery increased ₹8,231, or 3.17 per…
Globally, gold futures rose 0.26% to $5,199.66 per ounce in New York. Gold prices on Friday rose ₹890 to ₹1,60,599 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for April delivery traded higher by ₹890, or 0.56 per cent, at…
Gold discounts in India widened to their deepest in 10 months as a rebound in prices curbed demand, while China demand picked up as the bullion’s safe-haven appeal shined through via rising premiums after markets returned from the Lunar New Year holiday. Indian bullion dealers offered a discount of up to $65 per ounce over…
