Gold prices in the US were down 1.2 per cent to $5,098 an ounce after shedding 2 per cent in the earlier session as dollar strengthened against major currencies The sharp depreciation of the rupee against dollar has cushioned domestic bullion prices from the impact of global slide in gold prices. The rupee depreciated to…
Gold fell, pressured by a stronger US dollar and concerns over higher interest rates, as the war in the Middle East extended into a second week and oil surged toward $120 a barrel. Bullion tumbled as much as 3% to $5,015 an ounce, following its first weekly decline in more than a month, before paring…
In an interesting development, the Bank of Korea (BOK) announced plans to incorporate overseas-listed physical gold ETFs (exchange-traded funds) into its foreign reserve portfolio from the first quarter of 2026. Buying of gold by central banks across the world eased in January 2026 compared with the previous 12-month average of 27 tonnes, the World Gold…
For decades, diamonds in India have been deeply intertwined with tradition. They symbolised weddings, family milestones and generational wealth, with purchasing decisions often guided by customs passed down through families. The act of buying a diamond was rarely a purely personal decision; it was rooted in cultural expectations and legacy. But the Indian diamond buyer…
As central banks continue to diversify into non-dollar reserves, with a marked increase in their gold holdings, the gold price is expected to rise further, per an assessment by SBI’s Economic Research Department. They also hinted that Central Banks, especially the US Fed, may go in for gold reserve revaluation as a quick fix for…
Shyamala Ramanan, Business Head, Mia by Tanishq Mia by Tanishq, a jewellery brand of Titan Company, has opened its 275th store in Kammanahalli, Bengaluru. The outlet was inaugurated by Shyamala Ramanan, Business Head, Mia by Tanishq, and Ajay Dwivedi, Regional Business Head–South, Titan Company. The store has about 1,200 square feet of space. The company…
Despite the February slowdown, gold ETF inflows this year have reached $3.06 billion, pushing total assets under management close to $20 billion, according to the World Gold Council. The inflows into gold exchange-traded funds plunged 77 per cent last month to $565 million, compared with a record high of $2.5 billion logged in January, as…
Gold recaptured some losses but remained on track for the first weekly decline in more than a month, pressured by a stronger US dollar and inflationary risks tied to the ongoing war in West Asia. Bullion rose as much as 1.2 per cent to break above $5,100 an ounce, though was headed for a weekly…
Gold prices remained elevated on Thursday, holding above $5,100 on COMEX as safe-haven demand continued to underpin precious metals amid escalating geopolitical tensions and uncertainty over US trade policy. Renisha Chainani, Head of Research at Augmont, noted that gold has recovered roughly 5 per cent from recent lows to trade above $5,200, while silver has…
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…
