Gold prices edged lower on Friday and were on track for a weekly loss amid inflation concerns and potential US Federal Reserve interest rate hikes. Fundamentals Spot gold was down 0.3 per cent at $4,200.82 per ounce, as of 0101 GMT, and was set for a weekly loss of 2.8 per cent. US gold futures…
While fall in prices usually lead to higher demand, gold jewellery buyers tend to postpone purchases in anticipation of further decline. The sharp fall in gold prices, coupled with subdued demand, is expected to exert pressure on margins of jewellery companies in the June quarter. Gold prices have been on a steady fall both in…
Gold prices slid for the second straight day, declining by ₹2,100 to ₹1.53 lakh per 10 grams in the national capital on Thursday amid rising tensions in West Asia, which kept investors’ sentiment subdued in the bullion market. According to marketmen, the yellow metal of 99.9 per cent purity depreciated by ₹2,100 to ₹1,53,900 per…
In global markets, Comex gold futures for August contract slipped for the fifth consecutive session, falling by $17.23, or 0.42%, to $4,116.07 per ounce in New York. Extending losses for the fifth consecutive session, gold prices fell ₹277 to ₹1.47 lakh per 10 grams in futures trade on Thursday, tracking losses in the international markets…
Gold prices rose on Thursday, rebounding from a six-month low, as investors covered their short positions, though concerns around higher inflation and US interest rates capped gains. Spot gold rose 0.6 per cent to $4,097.01 per ounce at 0836 GMT after hitting its lowest point since November 21 earlier in the session. US gold futures…
FILE PHOTO: Gold bars are displayed at a gold jewellery shop in the northern Indian city of Chandigarh. | Photo Credit: AJAY VERMA Gold prices in India saw decrease today across all cities. The price for 8 grams of 24-carat gold also dropped in all cities compared to yesterday. Below is a detailed breakdown of…
Gold prices spiked up after the US strikes against Iran. President Donald Trump accused Iran of dragging out talks on an interim peace deal. In response, Tehran said it was closing the Strait of Hormuz to all vessels. | Photo Credit: FRANCIS MASCARENHAS Gold whipsawed after the US completed a fresh round of strikes against…
Gold prices slumped by Rs 4,300 to Rs 1.56 lakh per 10 grams while silver crashed by Rs 10,000 to Rs 2.45 lakh per kg in the national capital on Wednesday as a fresh jump in crude oil rates and a strong US dollar weakened demand for the precious metals. According to local marketmen, gold…
After strong inflows in January, momentum tapered in subsequent months, indicating a gradual cooling in incremental allocations. Gold ETFs witnessed an outflow of ₹725 crore in May, breaking a 13-month streak of positive inflows, due to government appeals against purchasing the yellow metal and several asset management companies halting fresh inflows into these funds. This…
Gold prices fell more than 1 per cent on Wednesday, as oil prices rose on renewed hostilities between the U.S. and Iran, fuelling concerns about inflation and interest rate hikes. Spot gold fell 1.4 per cent to $4,203.20 per ounce by 0050 GMT. Bullion hit its lowest level since March 23 on Tuesday. U.S. gold…
