Gold prices dipped to $2664 following the release of the US nonfarm payroll report as the US yields and the Dollar Index surged on robust job data. However, the metal recovered quickly as the US yields and the Dollar Index eased slightly from their respective day’s highs. The metal traded between $2614 (January 6) and…
Gold demand in India remained subdued this week as volatile prices prompted potential buyers to delay purchases, while higher rates across China are expected to potentially offset upcoming seasonal demand. After gold prices became highly volatile over the past two weeks, buyers are now adopting a wait-and-see approach, hoping for prices to decline further, said…
Gold prices fell Rs 200 to Rs 79,200 per 10 grams in the national capital on Monday amid weak trends in the international markets, according to the All India Sarafa Association. The yellow metal of 99.9 per cent purity closed at Rs 79,400 per 10 grams on Friday. Silver also plummeted Rs 2,200 to Rs…
NEW DELHI: It is not just Indian households which look to bring gold into their lockers. On Dhanteras, the Reserve Bank of India disclosed that it has shipped another 102 tonnes of gold from Bank of England’s vaults in London to secure locations within the country.At the end of September, of the 855 tonnes of…
Representative image Gold raced past the $2,700 mark for the first time on Friday, extending a rally driven by expectations of further monetary policy easing and safe-haven demand due to uncertainty about the U.S. presidential elections and Middle East conflicts. Spot gold rose 0.6% to $2,709.81 per ounce by 1145 GMT, having hit an all-time…
Representative image Kolkata: Gold touched a new high of ₹78,300 per 10 gm on Wednesday due to safe-haven buying amid escalating tensions in the Middle East, and lower US bond yields. Market participants are expecting the yellow metal to rise further if global geopolitical uncertainties worsen. Prices rose by ₹1,500 per 10 gm compared to…
Representative image New Delhi: Gold prices are witnessing a strong resurgence in both international and domestic markets, with increased jewellery buying and investment activities expected to persist, according to the latest report from the World Gold Council. Rural demand, in particular, is showing signs of recovery. With an improved monsoon season and higher crop sowing…
Gold ETFs back in demand! Investors are showing renewed interest in gold Exchange Traded Funds (ETFs) due to the absence of new Sovereign Gold Bond (SGB) offerings from the government and recent tax rate reductions on funds backed by the precious metal.In the past four months, gold ETFs, which are traded on stock exchanges, have…
Gold price outlook: Goldman Sachs predicts that gold is most likely to experience a price increase in the near future due to its popularity as a risk hedge. The bank believes that upcoming US Federal Reserve rate cuts will attract Western capital back into the gold market, which has been largely absent during the sharp…
Sovereign Gold Bonds: The Reserve Bank of India (RBI) has declared early redemptions for 30 series of Sovereign Gold Bonds (SGBs) maturing between October 1, 2024, and March 31, 2025. The central bank has provided a calendar from September 2024 to March 2025 for repurchasing the bonds that have completed five years, allowing investors an…
