Gold prices were largely steady on Wednesday as investors awaited the U.S. Federal Reserve’s policy decision and comments from Fed Chairman Kevin Warsh for clues on inflation and interest rate outlooks. Spot gold was little changed at $4,029.08 per ounce by 0301 GMT. U.S. gold futures for August delivery dipped 0.2 per cent to $4,028.10….
Globally, the white metal was trading 1.95 per cent down at $57.22 per ounce in New York. | Photo Credit: istock.com Silver prices on Tuesday fell by Rs 3,576 to Rs 2,17,597 per kilogram in futures trade as participants reduced their bets. On the Multi Commodity Exchange, silver contracts for September delivery declined by Rs…
The Kerala Gold and Silver Merchants Association (KGSMA) has urged the Centre to immediately review and rationalise the existing import duty structure on gold and silver, warning that higher duties are fuelling smuggling and hurting the legitimate bullion and jewellery trade. Government data presented in Parliament indicate a sharp rise in gold and silver smuggling…
Globally, gold futures declined by 0.85 per cent to $4,041.42 per ounce in New York. | Photo Credit: istock.com Gold prices on Tuesday dropped by Rs 1,213 to Rs 1,41,850 per 10 grams in futures trade amid a fall in spot demand. On the Multi Commodity Exchange, yellow metal contracts for August delivery traded lower…
3D illustration of a gold bars. | Photo Credit: Stiggdriver Gold prices fell on Tuesday, pressured by a stronger dollar, while markets looked to the Federal Reserve’s upcoming policy decision for clues on the interest rate outlook. Spot gold fell 0.7% to $4,044.81 per ounce by 0250 GMT after rising as much as 1% on…
With gold prices ruling around $4,000 an ounce, there was renewed investment interest. | Photo Credit: DigitalVision Physically backed gold exchange-traded funds witnessed net positive investments of $2.62 billion last week as investors in the US and China led the return, data from the World Gold Council (WGC) showed. According to analysts and experts, with…
India Gold Metaverse has raised ₹300 crore from private equity investors and secondary placement to build the first-ever integrated digital infrastructure for the gold economy. The proceeds from the equity investment will be used to develop technology, product commercialisation, ecosystem expansion, strategic partnerships, regulatory initiatives and team expansion. The transaction witnessed participation from a group…
Gold rose, after a pause in fighting between the US and Iran over the weekend eased oil supply risks and inflationary concerns. Bullion rose as much as 1.6 per cent to top $4,100 an ounce, having gained nearly 1 per cent in the previous week. The US halted an almost two-week run of strikes against…
3D illustration of a gold bars. | Photo Credit: Stiggdriver Gold prices on Monday rose by ₹984 to ₹1,44,090 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, yellow metal contracts for August delivery traded higher by ₹984, or 0.69 per cent, at…
Gold prices up in India | Photo Credit: K K Mustafah Gold prices in India rose today across all cities. The price for 8 grams of 24-carat gold also increased in all cities compared to yesterday. Below is a detailed breakdown of gold prices in key cities. Gold rates in India: Gold prices in India…
