Investments in the ETFs were $1.79 billion, while outflows were $1.18 billion, leaving a net inflow of $0.61 billion | Photo Credit: Just_Super Net investments in physically-backed gold exchange-traded funds (ETFs) turned positive last week after three weeks of continuous outflows, data from the World Gold Council (WGC) showed. Investments in the ETFs were $1.79…
Gold prices declined on Monday, with MCX Gold trading near ₹1,58,547 per 10 grams, as a stronger US dollar and rising Treasury yields continued to pressure precious metals. Spot gold hovered around $4,540 per ounce globally, having shed 3.7 per cent over the previous week. The sell-off was triggered by hotter-than-expected US inflation data. April…
Silver prices declined by Rs 1,832 to Rs 2.70 lakh per kilogram in futures trade on Monday as a rally in crude oil rates amplified inflation concerns and the strength of the US dollar in overseas markets weighed on investors’ sentiment. On the Multi Commodity Exchange, the white metal for July delivery depreciated by Rs…
In a volatile session, gold prices on Monday rose by ₹598 to ₹1.59 per 10 grams in futures trade amid persistent geopolitical tensions in West Asia. On the Multi Commodity Exchange, the yellow metal for the June delivery appreciated by ₹598, or 0.38 per cent, to ₹1,59,145 per 10 grams. In the overseas trade, Comex…
MCX, the country’s largest commodity exchange, has sought BIS certified silver refiners application to facilitate delivery of domestically refined silver on the exchange platform. In order to pave the way for domestic silver refiners to deliver silver via the MCX platform, the exchange has revised the eligibility criteria for MCX Good Delivery Norms for BIS–Standard…
Gold prices steadied on Monday as dip-buying helped the market recover from earlier losses, after the metal slipped to a more than one-month low amid rising oil-driven inflation concerns and expectations that interest rates will stay higher for longer. Spot gold was steady at $4,540.36 per ounce, as of 0241 GMT, after hitting its lowest…
Gold and silver markets brace for a volatile week ahead amid the government’s latest curbs on silver imports, movement in crude oil prices and global uncertainty surrounding the US-Iran conflict, analysts said. On the economic front, investors will closely track Chinese economic data, US housing numbers, PMI data, weekly jobless claims and minutes of the…
The Hutti Gold Mines Company logs a turnover of ₹1,910 crore for the fiscal year. Karnataka-based state-owned gold mining company The Hutti Gold Mines Company has posted a net profit of ₹844 crore and a turnover of ₹1,910 crore for the fiscal year, resulting in a strong financial performance. The company produced 1,691.50 kg of…
Silver imports rose even faster, surging 157% to $411 million during the month. | Photo Credit: Edgar Su Days after sharply raising import duties on gold, silver and platinum and capping duty-free gold imports for use in jewellery exports, the Centre on Friday tightened import norms for select categories of silver bars by moving…
Customs officials said the gold was being smuggled into India as contraband and was seized under Section 110 of the Customs Act, 1962. Customs officials at the Indira Gandhi International Airport here have seized 115 smuggled gold bars weighing 3.5 kg from an American national of Indian origin, who allegedly concealed the contraband in a…
