Gold prices on MCX surged 53% to ₹1,00,389 per 10 grams, while silver rose 41% to ₹1,13,342 per kg. In contrast, Sensex and Nifty gained only around 2%, and broader indices like BSE-500 and Nifty-500 saw marginal movements. | Photo Credit: iStockphoto Thanks to global economic uncertainty, gold and silver have outshined returns from the…
India dealers offer up to $6/oz discounts this week. | Photo Credit: ARUN SHARMA Physical gold demand in India improved slightly this week as a price pullback lifted buying interest among consumers, while activity in other top Asian hubs remained lacklustre. Gold prices in India closed at ₹99,838 ($1,139.61) per 10 grams on Thursday after…
Gold prices edged higher on Friday, buoyed by a weaker dollar, but were poised for a weekly decline after hotter-than-expected US inflation data dampened prospects for a super-sized September rate cut by the Federal Reserve. Spot gold rose 0.3 per cent to $3,345.21 per ounce as of 0757 GMT. Bullion has lost 1.5 per cent…
Gold prices dropped nearly two per cent in the global market on Monday after US President Donald Trump said the precious metal will not attract 39 per cent tariff as feared earlier. In a social media post, Trump said: “Gold will not be tariffed”. This dragged gold below $3,400 an ounce on COMEX, with prices…
Gold prices nudged higher on Tuesday, after a sharp decline in the previous session, as investors looked forward to US inflation data that could offer further insight into the Federal Reserve’s rate-cut trajectory. Spot gold was up 0.2 per cent at $3,350.03 per ounce, as of 0146 GMT. US gold futures for December delivery were…
When the GST was implemented, gold price was ₹20,000 per piece and is now hovering above ₹75,000. The huge increase in the price of gold has made it a big burden for consumers to have to pay a tax of ₹2,500 to purchase gold ornaments. The All Kerala Gold & Silver Merchants Association has reiterated…
Gold prices are likely to extend gains in the coming week, as macroeconomic uncertainty, tariff disputes and central bank buying continue to underpin investor appetite for the precious metal, according to analysts. Traders will closely monitor a series of key macroeconomic data releases from major economies, including the UK and EU GDP, the US Core…
Shift from traditional jewellery to digital gold is driven by rise of tech-savvy investors, affordability, security and convenience. Fractional ownership helps smaller investors with a transparent way to buy, sell and store gold. The digital transformation has integrated advanced technologies in inventory management, customer engagement and jewellery operations. Hallmark security certifications with superior quality products…
India, historically known as Sone Ki Chidiya (the Golden Bird), continues to have a deep cultural and economic connection with gold. The bullion and jewellery sector remains one of the economy’s strongest pillars, contributing ~7.5 per cent to GDP and supporting over 5 million livelihoods (Ministry of Commerce & Industry; IBEF). As the nation enters…
India and Japan lifted investments into gold ETFs (exchange-traded funds) in July, along with North America and Europe. Overall, global ETFs witnessed inflows to the tune of $3.2 billion in July, data from the World Gold Council (WGC) showed. July witnessed inflows into gold ETFs in Asia at $93 million, despite an outflow in China….
