Gold fell in choppy trade on Thursday as elevated oil prices fuelled fears of inflation and prolonged high interest rates, while investors looked for clarity on stalled peace talks between the US and Iran. Spot gold was down 0.7% at $4,705.09 per ounce, as of 0215 GMT. US gold futures for June delivery fell 0.6%…
India’s gold demand is expected to remain strong due to its deep cultural and financial relevance, but the way this demand is met will determine its broader economic impact, according to Keyur Shah, CEO of Muthoot Exim. He said organised gold recycling presents a viable solution by converting idle household gold into an active domestic…
A one-kilogram gold bar and a sealed gold coin are displayed at a jewellery store in Dubai. | Photo Credit: Amr Alfiky Gold prices in India saw a decrease in all key cities today, April 22, excepting in Chennai and Hyderabad. The price for 8 grams of 24-carat gold also dropped in all cities compared…
Nilesh Shah, Managing Director, Kotak Mahindra Asset Management Company (file photo) | Photo Credit: SHASHI ASHIWAL Gold worth nearly $700 billion lying idle in Indian households could be a powerful engine to fund the country’s growth, Nilesh Shah said, calling for a stronger push towards monetisation of household gold. In an exclusive interview with ANI,…
US gold futures for June delivery gained 1.3% to $4,778.30. Gold prices rose on Wednesday as lower oil prices, following a US extension of a ceasefire with Iran, eased fears of an inflation spike and prolonged high interest rates. Spot gold rose 1 per cent to $4,759.63 per ounce, as of 0809 GMT, after falling…
The immediate trigger is the ceasefire deadline expiring Wednesday evening. Gold prices are hovering in a narrow band on Wednesday as markets wait for clarity on US-Iran talks, with conflicting signals keeping both bulls and bears on the sidelines. Spot gold was trading at $4,794, while MCX Gold held within ₹1,53,500–₹1,54,000. Silver tracked gold lower,…
Gold and silver prices remained in a tight consolidation range on Tuesday as investors weighed the slim prospects of a U.S.-Iran peace deal ahead of a Wednesday ceasefire deadline, while crude oil surged on renewed fears over the Strait of Hormuz blockade. Spot gold was trading around $4,794–$4,825 per ounce, pinned within its recent $4,750–$4,850…
See also: | Photo Credit: scanrail Gold prices fell on Tuesday as investors waited to see whether the U.S. and Iran would consider attending peace talks after renewed tensions over the weekend, while a marginally firmer dollar added to the pressure. Spot gold was down 0.7% at $4,784.37 per ounce, as of 0615 GMT, extending…
Gold prices were largely steady on Tuesday after dropping to a one-week low in the last session, as investors waited to see if the U.S. and Iran are meeting this week for peace talks after renewed tensions over the weekend. FUNDAMENTALS Spot gold was unchanged at $4,820.84 per ounce, as of 0101 GMT, after falling…
US gold futures for June delivery fell 1.4% to $4,811. Gold prices fell on Monday owing to a stronger US dollar and renewed inflation fears after another closure of the Strait of Hormuz pushed oil prices higher. Spot gold was down 0.8 per cent at $4,790.59 per ounce, as of 1103 GMT, after hitting its…
