Valuation changes are a double-edged sword which can increase or decrease reserves sharply in a given period In recent years, sharp appreciation of the dollar and surge in gold prices have together helped deliver a substantial accretion to India’s forex reserves, adding billions without the central bank having to directly accumulate assets. In Q1 FY26,…
Industry experts suggest buyers may shift to lighter pieces, 18K jewellery, coins, or explore gold-saving schemes, while retailers may cut making charges or offer exchange programs to boost sales. | Photo Credit: G N RAO/The Hindu The record-setting rally in gold prices is poised to suppress demand during peak festival season, starting from Navratri, Dussehra,…
Gold prices on Tuesday surged ₹723 to touch an all-time high of ₹1,10,312 per 10 grams in the domestic futures market, tracking strong global cues amid growing expectations of a US Federal Reserve interest rate cut next week. Traders said weak US labour market data has strengthened the case for monetary policy easing, putting pressure…
Gold will likely retain its haven status and will likely outperform most traditional financial assets in 2025, said Prithviraj Kothari, national president of Indian Bullion and Jewellers Association (IBJA). “We see that gold is likely to remain well-supported until the later part of 2025 due to expectations of cuts in US interest rates, stubborn inflation…
In August alone, global gold gained 3.9%, pushing year-to-date gains to 31.4%, according to World Gold Council data. Gold futures breached the USD 3,600 per ounce mark on Monday, marking their fresh all-time high, on expectations that the US Federal Reserve will cut the key policy rate. At 16.06 IST, international gold traded at USD…
The precious metal futures for December delivery slipped ₹612 to ₹1,08,176 per 10 grams | Photo Credit: hernan4429 Gold prices retreated from record highs by declining ₹606 to ₹1,07,122 per 10 grams in the domestic futures market on Monday, as investors booked profits in tandem with a weak trend in the international markets. On the…
Gold traded near Friday’s record high, bolstered by an unexpectedly weak US employment report that saw wagers increase on the Federal Reserve cutting interest rates. Bullion was less than $10 short of its latest peak near $3,600 an ounce in early Asian trading, after rallying as much as 1.5 per cent late Friday. A pivotal…
On the Multi Commodity Exchange (MCX), the October contract of gold surged ₹1,131 or 1.06% to touch a lifetime high of ₹1,07,807 per 10 grams before ending marginally lower at ₹1,07,740 per 10 grams. After scaling record highs last week, gold prices may face some short-term profit booking, with the precious metal’s future direction dependent…
Global gold ETFs attracted $5.5 billion in August, extending their inflow streak to three months. | Photo Credit: istock.com Investments in physically-backed gold exchange-traded funds (ETFs) were up for the fourth consecutive month in India, while they increased for the third month in a row globally in August, led by Western funds, the World Gold…
Gold has entered a structurally higher price zone, reshaping the bullion ecosystem worldwide. Earlier this year, international prices breached the $3,000/oz mark and continue to remain elevated as investors hedge against global debt, geopolitical frictions and expectations of monetary easing in the US. Central banks have also reinforced demand, adding to their reserves to diversify…
