Gold rose more than 1% on Monday as a pause in Middle East hostilities sent oil prices lower, alleviating some inflation concerns, while investors awaited the U.S. Federal Reserve’s policy decision. Spot gold rose 1.4% to $4,110.56 per ounce by 0200 GMT. U.S. gold futures gained 1% to $4,112.10. “Gold is a clear beneficiary today…
On the domestic front, gold futures for August delivery rose ₹2,200, or 1.6%, to close at ₹1.43 lakh per 10 grams during the last week. Gold and silver are heading into a crucial week, with the Federal Reserve’s interest rate decision, oil price movement and the US-Iran conflict determining whether bullion extends its recovery or…
FILE PHOTO: Gold bangles are displayed inside a jewellery store in Delhi. | Photo Credit: BHAWIKA CHHABRA Gold edged up on Friday as Brent crude retreated from above $100 a barrel, while investors assessed developments in the West Asia conflict and their implications for inflation ahead of the US interest rate decision next week. Spot…
The Chennai showroom marks the first step in Regal Jewellers’ ambitious expansion plans for Tamil Nadu, with Puducherry set to follow. | Photo Credit: BHAWIKA CHHABRA Regal Jewellers, a leading jewellery manufacturers and wholesalers, will enter the Tamil Nadu market with the launch of its first showroom in Chennai on July 31. Bringing its 48-year…
Gold prices in India fell today across all cities. The price for 8 grams of 24-carat gold also decreased 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 today were ₹13,280 for 1 gram of 22-carat gold (down by…
Gold extended losses on Friday after falling 2% in the previous session, as Brent crude’s move back above $100 a barrel stoked inflation concerns and strengthened the case for higher interest rates ahead of a Federal Reserve policy meeting next week. Spot gold eased 0.4% to $4,030.09 per ounce by 0333 GMT, with prices down…
In the international markets, spot gold fell $38.92, or 1%, to $4,091.17 per ounce and silver dropped nearly 2% to $58.65 per ounce. Gold prices fell ₹400 to ₹1,49,200 per 10 grams in the national capital on Thursday, tracking weak trends in global markets amid surging crude oil rates. The yellow metal of 99.9 per…
Gold held steady on Thursday, pulling back from two-week highs hit in the previous session, as an escalating West Asia conflict drove oil prices higher, while traders shifted focus to next week’s Federal Reserve meeting for clues on the timing of potential interest rate hikes. Spot gold was little changed at $4,132.01 per ounce as…
Silver imports into India have slowed sharply as a new licensing regime disrupted shipments, pushing local premiums to a multi-month high. Most banks have yet to secure the permits needed to import the white metal and remain awaiting government approval, according to people familiar with the matter, who asked not to be identified because they…
Gold climbed to a two-week high on Wednesday, supported by technical buying and safe-haven demand, as investors monitored diplomatic efforts to moderate the Middle East conflict and braced for next week’s U.S. Federal Reserve meeting for clues on the interest-rate outlook. Spot gold rose 1.1% to $4,121.90 per ounce by 1200 GMT, having hit its…
