Indian households collectively own about 24,000 tonnes of gold, accounting for 11% of the world’s gold reserves held in the form of jewellery. | Photo Credit: Arun Sharma The doubling of gold prices recently has substantially boosted the net worth of Indian households to around Rs 3.24 trillion, according to a report by Systematix Research….
The fall in prices comes after the robust gold jewellery sales during the peak Dhanteras and Diwali season in India | Photo Credit: ARUN SHARMA Gold prices continued their downtrend and lost ₹441 per 10 grams to close at ₹1,21,077 amid volatile trading on Monday. The yellow metal has plunged by ₹8,507 per 10 gm…
Trading houses, hedge funds and banks are on a hiring spree for specialist gold traders as interest in the metal soars, creating a battle for talent that is driving up pay packages in what has historically been a niche market. Major commodity traders Trafigura Group and Gunvor Group have brought in teams of precious-metals traders…
In the international markets, comex gold futures for December delivery fell by $61.69, or 1.49 per cent, to $4,076.11 per ounce on Monday | Photo Credit: Anadmist Gold and silver fell sharply in the futures market on Monday, tracking weakness in global bullion markets as growing optimism over a potential US-China trade deal and a…
MCX, the largest commodity prices exchange, has launched monthly Options contracts on the MCX iCOMDEX Bullion Index (MCX BULLDEX). The index represents the precious metals segment, including the most liquid MCX Gold and Silver Futures contracts. The Options contracts on this index will enable market participants with a risk management tool, combining the benefits of…
US gold futures for December delivery settled 0.2% lower at $4,137.8 per ounce. Gold prices pared losses on Friday after slightly softer-than-expected US inflation data reinforced expectations that the Federal Reserve will cut interest rates next week, but the metal was still set for its first weekly loss in 10 weeks. Spot gold fell 0.2…
The open-ended scheme seeks to generate returns in line with domestic gold prices and offers a liquid alternative to physical gold. Choice Mutual Fund on Friday announced the launch of its gold ETF providing investors an affordable and secure avenue to gain exposure to the yellow metal. The new fund offer will remain open till…
JP Morgan analysts on Thursday maintained a bullish outlook on gold, forecasting prices could reach an average of $5,055 per ounce by the fourth quarter of 2026. The forecast is based on “demand assumptions that see investor demand and central bank buying averaging around 566 tons a quarter in 2026,” the bank said in a…
Gold prices surged as safe-haven demand strengthened amid renewed geopolitical tensions and global trade uncertainties. US President Donald Trump on social media post said that he is ending “all trade negotiations” with Canada because of recent television ads protesting US tariffs, which he called “egregious behavior” aimed at influencing US court decisions. On MCX, gold…
Lab grown diamonds | Photo Credit: ARKO DATTA Lab-grown diamonds are losing their appeal due to oversupply and consumer preferences are starting to shift back to natural stones, World Diamond Council President Feriel Zerouki has said. The natural diamond industry has seen a price slump since mid-2022 after peaking earlier that year, mainly due to…
