Representative image Gold prices surged to 39 new all-time highs in dollar terms in 2024 till October, the highest number of record highs in 45 years. In 1979, gold prices had scaled 57 new all-time highs, showed the World Gold Council (WGC) data. In India, gold prices rose to Rs 78,500 per 10 grams from…
Gold has outperformed the broader Nifty 50 index over the past year, yet wealth managers caution that its growth may slow. (AI image) Gold bull run nearing end? Gold’s performance has surpassed the Nifty 50 index in the past year, with a 30.69% increase in rupee terms and 39.10% in dollar terms, compared to Nifty…
Anuj Gupta of HDFC securities attributed the record-high gold prices to persistent optimism over U.S. interest rate cuts. (AI image) Gold rate today: Gold October futures contracts at MCX reached a new all-time high of Rs 76,000 per 10 grams on Wednesday. Over the past week, gold prices have risen by Rs 2,900 per 10…
Representative Image Domestic gold prices have risen by 10 per cent on a year-to-date basis on the back of the strength in global gold prices, which have surged by 18 per cent year-to-date, driven by robust central bank purchases, heightened geopolitical risks, and growing expectations of a monetary policy pivot from the US Federal Reserve,…
Gold prices have corrected sharply by 7 per cent or Rs 5,000 per 10 grams in the local markets after the government slashed basic custom duty on gold, and the lower costs will encourage more people to invest in the yellow metal, both as a commodity and as a financial asset, experts say. Analysts said…
Representative image. The recent surge in gold prices has led to a shift in consumer behaviour towards lab-grown diamond (LGD) studded jewellery, which is more pocket-friendly, said LGD manufacturers and retailers. In addition to this, the value-seeking consumer is also attracted to LGD studded jewellery as it offers a proposition of more gold proportion in…
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…
The surge in gold prices over the last six weeks has pushed up the price of diamond- jewellery in India and crimped its demand. To bring down the rates and get customers back to buying, several jewellers have started using lower cartage yellow metal in their pieces. In place of 18-carat gold, stores are now…
Gold prices surged by Rs 1,070 to hit an all-time high of Rs 68,420 per 10 grams in the national capital on Monday amid a rally in the precious metal in global markets, according to HDFC Securities. The precious metal had closed at Rs 67,350 per 10 grams in the previous trade. Silver prices also…
Continuing to glitter in 2024 as well, gold price is likely to touch Rs 70,000 per 10 grams in the domestic market on the back of a stable rupee, geopolitical uncertainties and slowing global economic growth, according to experts. Currently, the yellow metal price is hovering at Rs 63,060 per 10 grams on the commodity…
