Precious metal prices are likely to see a fiery start to the week when trading resumes on Monday, as investors would rush for safe-haven assets amid global uncertainties following the escalating the Middle East tension, analysts said. President Donald Trump announced “major combat operations” in Iran after Israeli strikes on Tehran. Iranian state media confirmed…
The recent volatile bullion prices coupled with market inefficiencies and increased inflows have taken a toll on tracking error and total expense ratio (TER) in gold and silver exchange traded funds. Tracking error in ETFs is a crucial performance metric measuring the difference between an ETF return and its benchmark index return. A higher tracking…
Even as gold prices go beyond the reach of the commoners, experts said the yellow metal remains a good investment with potential to move higher in the future. In the session Precious Metals: Beyond Aam Aadmi’s Reach, experts concurred that they do not see any immediate relief in the volatility of gold prices unless global…
Fresh positions built up by participants led to a rise in silver prices, analysts said. Silver prices rose 3.17 per cent to ₹2.67 lakh per kg in the futures trade on Wednesday, amid renewed uncertainty over US trade policy. On the Multi Commodity Exchange, the white metal for March delivery increased ₹8,231, or 3.17 per…
Globally, gold futures rose 0.26% to $5,199.66 per ounce in New York. Gold prices on Friday rose ₹890 to ₹1,60,599 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for April delivery traded higher by ₹890, or 0.56 per cent, at…
Gold discounts in India widened to their deepest in 10 months as a rebound in prices curbed demand, while China demand picked up as the bullion’s safe-haven appeal shined through via rising premiums after markets returned from the Lunar New Year holiday. Indian bullion dealers offered a discount of up to $65 per ounce over…
Gold prices on Thursday dropped ₹539 to ₹1,60,606 per 10 grams in futures trade amid a fall in spot demand. On the Multi Commodity Exchange, gold contracts for April delivery traded lower by ₹539, or 0.33 per cent, at ₹1,60,606 per 10 grams in a business turnover of 647 lots. Analysts attributed the fall in…
Silver topped $90 an ounce and gold futures ruled above $5,200 an ounce on Wednesday on renewed haven demand as tensions over the US-Iran standoff rose. A softening of the dollar and uncertainty over US trade tariffs also aided the uptrend in the precious metals complex. “Ongoing tariff uncertainties and persistent US–Iran tensions continue to…
Gold prices fell on Tuesday as investors booked profits after bullion rose more than 2% in the previous session, while pressure from a stronger dollar also weighed on the yellow metal. Spot gold fell 1.2% to $5,167.28 per ounce by 0538 GMT, snapping a four-session winning streak and dropping from a more than three-week high…
Gold surged by ₹2,946 to ₹1,59,822 per 10 gram in the futures trade on Monday, tracking strong trends in the international market amid renewed global tariff worries. On the Multi Commodity Exchange (MCX), gold futures for April delivery rallied by ₹2,946 or 1.88 per cent, to ₹1,59,822 per 10 grams in a business turnover of…
