Gold dropped below $4,300 an ounce, while silver, platinum and palladium followed the downtrend as the precious metals complex pared all the gains made this year. The precious metals complex, which witnessed a stupendous rally since 2024, has been heading south since the Iran war broke out on February 28. Gold prices, which soared to…
The Reserve Bank of India has announced the premature redemption price for Sovereign Gold Bonds issued under the 2019-20 Series VII. | Photo Credit: iStockphoto The Reserve Bank of India (RBI) has announced the premature redemption price for Sovereign Gold Bonds (SGBs) issued in the 2019-20 Series VII, according to a release. “In terms of…
India’s sharp increase in gold import tariffs is fuelling a resurgence in smuggling that could exceed 100 metric tonne this year, as soaring grey market margins allow smugglers to undercut banks and refiners of the precious metal, industry officials and bullion dealers said. India, the world’s biggest gold market after China, more than doubled import…
Gold futures edged higher near Rs 1.55 lakh per 10 grams as falling crude oil prices offered support to bullion markets. | Photo Credit: e-crow Gold futures edged up to nearly Rs 1.55 lakh per 10 grams in a range-bound trade on Tuesday as a decline in crude oil prices provided relief to the bullion…
See also: | Photo Credit: scanrail Gold prices steadied on Tuesday as traders assessed a fragile ceasefire between Israel and Iran and also watched out for signs of progress in the broader Middle East conflict, with concerns over inflation and interest rate hikes in focus. Spot gold held its ground at $4,332.50 per ounce, as…
Gold was steady after Israel and Iran agreed to end attacks that had jeopardised talks to end the war in West Asia. Bullion was near $4,320 an ounce on Tuesday, having closed the previous session little changed. The pledges from the two sides to stop missile strikes followed an appeal by US President Donald Trump…
For the year-to-date period, net investments were down by 17 per cent for the week ending June 5 to $15.28 billion from $18.46 billion in the week ending May 23 Investments in physically-based gold exchange-traded funds (ETFs) were negative last week, making net inflows negative for the fourth week in a row, data from the…
Silver prices on Monday fell by ₹8,245 to ₹2,40,292 per kilogram as participants reduced their bets. On the Multi Commodity Exchange, silver contracts for July delivery declined by ₹8,245, or 3.32 per cent, to ₹2,40,292 per kg in a business turnover of 3,948 lots. Analysts said a sell-off by participants mainly weighed on silver prices….
Gold prices on Monday dropped ₹2,374 to ₹1,53,220 per 10 grams in futures trade amid a fall in spot demand. On the Multi Commodity Exchange, gold contracts for the August delivery traded lower by ₹2,374, or 1.53 per cent, at ₹1,53,220 per 10 grams in a business turnover of 1,730 lots. Analysts attributed the fall…
Gold prices declined by Rs 1,100 to Rs 1.58 lakh per 10 grams in the national capital on Monday, tracking losses in global markets amid rising crude oil rates and heightened concerns over inflation. According to local marketmen, the yellow metal of 99.9 per cent purity dropped Rs 1,100 to Rs 1,58,800 per 10 grams…
