The blistering rally that’s seen gold prices soar more than a quarter this year has sputtered out in the last couple of months, as trade tensions eased and on signs investors are hesitant to enter at these elevated levels. Gold steadied as investors watched for clearer signs that Israel-Iran tensions won’t spill over into war…
FILE PHOTO: Gold bangles are displayed at a jewellery store in Mumbai, India. | Photo Credit: FRANCIS MASCARENHAS Gold prices in India saw decrease today across all cities. The price for 8 grams of 24-carat gold also dropped in all cities compared to yesterday. Below is a detailed breakdown of gold prices in key cities….
“We have seen an impressive rally in gold prices and were fortunate to be part of the uptrend since 2019,” said MOWM, adding that said some kind of “market fatigue” has begun to appear at these higher levels | Photo Credit: istock.com The six-year rally in gold, which has bedazzled the investment community with over…
Gold purchases by central banks across the world increased to 20 tonnes in May from 16 tonnes in April. However, they were lower than the 12 months average of 27 tonnes, the World Gold Council (WGC) said. “Fresh tensions in the Middle East may have reinforced the strategic appeal of gold for central banks looking…
Local gold prices in India expected to rise towards Rs 1,00,000 per 10 grams in H2 2025, driven by investment demand. | Photo Credit: SHASHI SHEKHAR KASHYAP Local gold prices in the country are expected to maintain an upside bias in the second half of 2025, potentially moving from the current range of ₹96,500-₹98,500 per…
Gold prices flat in Mumbai, Bengaluru, Ahmedabad, Kolkata; down in Chennai, Hyderabad | Photo Credit: AJAY VERMA Gold prices in India were flat across all cities, except Mumbai. The price for 8 grams of 24-carat gold were also flat in all cities compared to yesterday. Below is a detailed breakdown of gold prices in key…
Gold prices have crashed by ₹2,636 per 10 gm in past two weeks to ₹96,596 on Monday. | Photo Credit: ANGELIKA WARMUTH The bearish trend in gold is expected to continue in the short-term as the dollar strengthened against major currencies including rupee. Gold prices have crashed by ₹2,636 per 10 gm in past two…
All global regions experienced investments in gold ETFs in June. In Asia, India led inflows in June, likely supported by rising geopolitical risks in the Middle East. | Photo Credit: istock.com Following a $1.8 billion outflow in May, global physically backed gold exchange-traded funds (ETFs) saw a $38 billion investment in June. The performance in…
Spot gold rose 0.3% to $3,333.67 per ounce as of 0245 GMT. Gold rose on Friday after US President Donald Trump announced new tariffs on Canadian imports and broader tariff threats to other trading partners, but gains were capped by a stronger dollar amid mounting signs of turmoil in global trade landscape. Spot gold rose…
