Gold rose on Thursday as the widening West Asia conflict drove investors towards the safe-haven asset, while a softer dollar also lent support to bullion prices. Spot gold climbed 0.8 per cent to $5,177.26 per ounce by 0249 GMT. US gold futures for April delivery were up 1 per cent at $5,186.40. The US dollar…
Joy Alukkas, an Indian tycoon who built one of the world’s biggest family-owned jewelers, sees gold prices tracking higher over the coming years in response to a world hit by geopolitical and economic risks. The US attacks on Iran and surprise retaliatory drone strikes on Dubai that struck the city’s airport and landmark Burj Al…
Coal prices have increased by 18 per cent, aluminium rates by 6 per cent, and gold stands to gain significantly due to the hostilities in the Persian Gulf with the US, and Israel pitted against Iran. “Following US-Israeli strikes on Iran over the weekend of February 28-March 1, we think gold could reach a new…
India’s gem and jewellery exports to GCC (Gulf Cooperation Council) countries have grown significantly from $5.4 billion in 2021–22 to about $8.3 billion in 2024–25, reflecting the region’s increasing importance for Indian exporters. | Photo Credit: SAHIBA CHAWDHARY The ongoing war in West Asia and the disruptions on global shipments will have a major impact…
Silver and gold prices rebounded in futures trade on Wednesday, tracking firm demand in the international markets as investors sought safe-haven assets amid escalating tensions in the west Asia after the US administration signalled that military operations against Iran could last for a month or longer. On the Multi Commodity Exchange (MCX), silver for May…
Gold and silver prices gained in global and domestic markets on Monday as the US-backed Israel war with Iran revived haven demand. In the global market, gold topped $5,375 an ounce, while silver almost hit $95 an ounce before paring gains. Gold prices opened on a firm note in the Mumbai spot market in India….
The bearish and volatile trend in the equity markets has pushed seasoned investors to place their bets on exchange traded funds with underlying precious metals, which are riding high on geopolitical tensions across the globe. Gold ETFs jumped 5-8 per cent as the demand for the yellow metal on stock exchanges increased with meltdown in…
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…
