The Gem and Jewellery Domestic Council of India has recommended to take the prevailing gold monetization scheme on to the digital ecosystem. The central feature of the proposal is the formal transition towards a digital gold ecosystem, whereby physical gold is converted into dematerialised gold balances held within the banking system through structured account mechanisms….
Gold and silver prices came under pressure on Wednesday as rising crude oil prices and increased expectations of a US interest rate hike dampened sentiment across precious metals. MCX Gold was trading at ₹1,50,027, down 1.12 per cent for the day, while MCX Silver fell 1.86 per cent to ₹2,42,763. On the international front, COMEX…
Central banks added gold holdings at the fastest pace in more than a year in the first quarter, as a slump in prices encouraged a wave of buying that more than offset sales by a handful of institutions. Net official-sector purchases totaled 244 tons in the three months, up from 208 tons in the previous…
For the first time, investment demand accounted for a larger share of total consumption than jewellery, rising to 54.3% in the quarter. | Photo Credit: istock.com India’s investment demand for gold surpassed jewellery consumption for the first time on record in the March quarter, as investors turned to the precious metal amid subdued equity market…
Gold steadied after a two-day drop as investor focus remained on talks between the US and Iran, with the indefinite closure of the Strait of Hormuz continuing to heighten inflation risks. Bullion was near $4,590 an ounce, after falling 2.4 per cent over the previous two sessions to the lowest in almost four weeks. President…
Gold and silver prices declined on April 28, 2026, as stalled US-Iran peace negotiations and elevated Treasury yields weighed on safe-haven demand, while crude oil extended its rally on persistent supply disruptions through the Strait of Hormuz. MCX Gold fell 0.64 per cent to ₹1,51,721 per 10 grams, while spot gold on COMEX dropped 1…
While gold is considered an inflation hedge, high interest rates make yield-bearing assets more attractive, weighing on its appeal. | Photo Credit: FRANCIS MASCARENHAS Gold prices eased on Tuesday, as investors watched for the impact of the West Asia conflict and stalled US-Iran peace talks on the interest rate outlook of key central banks that…
Gold ETF inflows turn negative, driven by North American investors Investments in physically-backed gold exchange-traded funds (ETFs) turned negative last week, after rising for two consecutive weeks, data from the World Gold Council (WGC) showed. For every $1 that was invested, there were more than double the exits during the week, with North American investors…
Gold recouped early losses on Monday to trade largely steady, helped by a slightly softer dollar, while investors looked for progress on the stalled peace talks between the United States and Iran. Spot gold was steady at $4,707.75 per ounce, as of 0233 GMT, after shedding 0.8 per cent earlier in the session. Last week,…
Gold and silver may face some selling pressure this holiday-shortened week as traders track peace talks between the US and Iran, crude oil rates and the Federal Reserve’s policy decision, analysts said. Domestic commodity markets would remain closed on Friday on account of Maharashtra Day. “Focus in the coming week will remain on the progress…
