Representative image With Donald Trump securing victory in the U.S. presidential election, Indian consumers may find an unexpected opportunity in the market for gold just when the wedding season kicks in. The US election result has led to a 6% dip in gold prices on the Multi Commodity Exchange (MCX), falling by Rs 4,750 per…
Gold price outlook: Market participants anticipate further increases in the price of the precious metal. (AI image) Gold rate today: Gold prices reached a new peak of Rs 78,300 per 10 gm yesterday, driven by safe-haven buying amidst rising tensions in the Middle East and lower US bond yields. Market participants anticipate further increases in…
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…
Gold price outlook: The current circumstances appear to be ideal for gold, and overlooking its appeal could be a costly mistake for investors seeking to safeguard their wealth.Central banks in emerging markets are accumulating gold reserves as tensions persist in West Asia, enhancing the metal’s status as a reliable store of value. Additionally, the near…
Gold has been a cherished asset for Indian households, consistently delivering impressive returns compared to other investment options. Even as gold prices touch new highs this year, one wonders when the yellow metal will hit levels of Rs 1 lakh, or even Rs 2 lakh? What does historical data on the movement of gold suggest…
Representative Image Gold’s rise to all-time highs above $2,400 an ounce this year has captivated global markets. China, the world’s biggest producer and consumer of the precious metal, is front and center of the extraordinary ascent. Worsening geopolitical tensions, including war in the Middle East and Ukraine, and the prospect of lower US interest rates…
