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…
Gold prices on Thursday dropped ₹539 to ₹1,60,606 per 10 grams in futures trade amid a fall in spot demand. On the Multi Commodity Exchange, gold contracts for April delivery traded lower by ₹539, or 0.33 per cent, at ₹1,60,606 per 10 grams in a business turnover of 647 lots. Analysts attributed the fall in…
Silver topped $90 an ounce and gold futures ruled above $5,200 an ounce on Wednesday on renewed haven demand as tensions over the US-Iran standoff rose. A softening of the dollar and uncertainty over US trade tariffs also aided the uptrend in the precious metals complex. “Ongoing tariff uncertainties and persistent US–Iran tensions continue to…
Gold prices fell on Tuesday as investors booked profits after bullion rose more than 2% in the previous session, while pressure from a stronger dollar also weighed on the yellow metal. Spot gold fell 1.2% to $5,167.28 per ounce by 0538 GMT, snapping a four-session winning streak and dropping from a more than three-week high…
Gold surged by ₹2,946 to ₹1,59,822 per 10 gram in the futures trade on Monday, tracking strong trends in the international market amid renewed global tariff worries. On the Multi Commodity Exchange (MCX), gold futures for April delivery rallied by ₹2,946 or 1.88 per cent, to ₹1,59,822 per 10 grams in a business turnover of…
Silver prices on Monday rose nearly 5 per cent to ₹2,65,282 per kg in the futures market as renewed global tariff tensions boosted demand for safe-haven assets. On the Multi Commodity Exchange (MCX), silver futures for March delivery zoomed ₹12,338, or 4.88 per cent, to ₹2,65,282 per kg in 6,024 lots. In the international market,…
Gold rose to a more than three-week high on Monday, as the dollar fell after the US Supreme Court struck down a vast swathe of President Donald Trump’s tariffs on Friday and as US-Iran tensions simmered. FUNDAMENTALS Spot gold climbed 1.2 per cent to $5,163.60 per ounce by 0210 GMT, hitting a more than three-week…
In the recent past, gold has made global headlines as its prices have hit record highs at frequent intervals. As economic and geopolitical uncertainties continue to cloud the horizon, the precious metal’s status as a safe haven for investors remains strong as ever. With access to a wide range of physical and digital gold products…
Gold and silver bullion. Finance 3d illustrtration | Photo Credit: Inok The precious metal complex gained on Friday with gold topping the key $5,000 an ounce market and silver crossing $80 an ounce. In India, gold prices jumped by Rs 496 to Rs 155,066 per 10 grams against Rs 154,570 on Thursday on the back…
Exchange traded fund concept. A bull and bear besides the golden text ETF. istock photo for BL | Photo Credit: aprott Inflows into physically-backed gold exchange-traded funds retumed in the second week of February, after investors booked profits in the first week. However, inflows were lower than outflows. According to data from the World Gold…
