Gold and silver prices declined in domestic futures trade on Tuesday as a firm dollar and easing trade tensions between the US and China dampened the precious metal’s safe-haven appeal. On the Multi Commodity Exchange (MCX), gold futures for December delivery decreased by ₹836, or 0.69 per cent, to ₹1,20,573 per 10 grams in a…
Gold surged to a record high in October, aided by a retail buying frenzy, before dropping sharply in the final two weeks of the month. Gold dipped below $4,000 an ounce after China ended a long-standing tax rebate for some retailers, a change that could weigh on demand in one of the world’s largest precious-metals…
US gold futures for December delivery rose 0.4% to $4,010 per ounce. Gold held steady on Monday, kept in check by a strong dollar as investors dialled back bets for further Federal Reserve rate cuts in the near term, while easing US-China trade tensions also crimped bullion demand. Spot gold was flat at $4,000.65 per…
Precious metals continued their upward journey in the first half of October with both gold and silver reaching fresh all-time highs. The prices cooled off subsequent to the U.S. Federal Reserve’s interest rate decision being announced. The firming up of the U.S. dollar too played a part in the recent cool-off from the all-time highs….
The Debasement Trade is the new buzzword in town. As recently as last Thursday, legendary investor Ray Dalio and founder of Bridgwater associates, one of the world’s largest and most-famous hedge funds, termed gold as the “safest money.” A month ago, he had also explained why current times are like the early 1970s and investors…
The Debasement Trade is the new buzzword in town. As recently as last Thursday, legendary investor Ray Dalio and founder of Bridgwater associates, one of the world’s largest and most-famous hedge funds, termed gold as the “safest money.” A month ago, he had also explained why current times are like the early 1970s and investors…
SBI, which became a Trading-cum-Clearing Member at IIBX in 2024, aims to facilitate seamless bullion imports while supporting GIFT City’s rise as a global financial hub | Photo Credit: State Bank of India (SBI) on Saturday announced executing its inaugural gold trade as a special category client (SCC) on the India International Bullion Exchange (IFSC)…
Gold prices extended their decline for the second consecutive week as improved global risk appetite, a strong dollar, and the US Federal Reserve’s cautious tone of further rate cuts have dampened the demand for safe-haven asset. On the Multi Commodity Exchange (MCX), gold futures for December delivery plunged ₹2,219, or 1.8 per cent, over the…
Deep in the Amazon, Indigenous women say they fear getting pregnant. Rivers that have been the lifeblood of their people now carry mercury from illegal gold mining, threatening the health of their unborn children. “Breast milk is no longer reliable,” said Alessandra Korap, a leader of the Munduruku people. At Sai Cinza, a Munduruku community…
Gold prices fell ₹218 to ₹1,21,290 per 10 grams in Friday’s volatile trade on MCX, tracking global pressure from the Fed’s cautious tone on rate cuts and easing US-China tensions. | Photo Credit: iStockphoto Gold prices fell by Rs 218 to Rs 1,21,290 per 10 grams on Friday in a volatile movement in futures trade,…
