Silver prices on Friday fell by ₹1,322 to ₹2,68,215 per kilogram as participants reduced their bets. On the Multi Commodity Exchange, silver contracts for July delivery declined by ₹1,322, or 0.49 per cent, to ₹2,68,215 per kg in a business turnover of 749 lots. Analysts said a sell-off by participants mainly weighed on silver prices….
( Gold edged higher on Friday as investors assessed reports of a U.S.-Iran ceasefire deal amid growing concerns around inflation and U.S. interest rate hikes. Spot gold rose 0.2% to $4,499.56 per ounce by 0231 GMT, but was down about 0.2% for the week so far. U.S. gold futures inched 0.1% lower to $4,529.80. Bullion…
Keyur Shah, CEO, Muthoot Exim Muthoot Exim aims to attract 3 tonnes of gold, worth ₹4,500 crore (as per current gold rates), for recycling over the next two years as it expands its outlets to 200 from 109 currently. Muthoot Gold Point, the collection centre of the Muthoot Pappachan Group, collected 1 tonne of gold…
Gold prices fell to a two-month low on Thursday as fresh US attacks on Iran boosted the dollar and pushed oil prices higher, stoking concerns about rising inflation and clouding the interest rate outlook. Spot gold was down 1.7 per cent at $4,380.62 per ounce, as of 0409 GMT, earlier falling to its lowest level…
Gold prices retreated by ₹1,107 to ₹1.57 lakh per 10 grams in futures trade on Tuesday as renewed US military strikes against Iran triggered volatility, strengthened the US dollar and prompted traders to book profits. On the Multi-Commodity Exchange, the yellow metal for June delivery rose by ₹1,107, or 0.7 per cent, to ₹1,57,974 per…
Gold fell on Tuesday as fresh U.S. attacks in Iran pushed oil prices higher, fuelling concerns around inflation and higher-for-longer interest rates. Spot gold was down 1 per cent at $4,524.73 per ounce, as of 0737 GMT. U.S. gold futures for June delivery gained 0.1 per cent to $4,525.30. U.S. Secretary of State Marco Rubio…
Investments in physically-backed gold exchange-traded funds turned negative again this week, with US and Chinese investors leading the exits from the funds, data from the World Gold Council (WGC) showed. It is for the second consecutive week that inflows in Asia, particularly China, were negative. Outflows from the US and China were over $600 million…
Gold prices climbed by ₹426 to ₹1.59 lakh per 10 grams in futures trade on Monday, tracking gains in global markets amid optimism surrounding a possible peace agreement between the US and Iran. On the Multi Commodity Exchange, the yellow metal for the June delivery increased by ₹426, or 0.27 per cent, to ₹1,59,105 per…
Gold jumped as signs the US and Iran are closing in on a deal that would reopen the Strait of Hormuz tempered inflation concerns. Bullion rose as much as 1.6% to around $4,580 an ounce, erasing a moderate loss from last week. Negotiations on the precise language of the deal were ongoing and it may…
Gold prices rose more than 1% on Monday, supported by a weaker dollar and easing oil prices, as investors weighed prospects of a breakthrough in U.S.-Iran peace negotiations. Spot gold was up 1.1% at $4,560.09 per ounce, as of 0219 GMT. U.S. gold futures for June delivery gained 0.9% to $4,562.10. The dollar weakened, making…
