Gold price: International precious metals prices strengthened, with gold reaching historic peak. (AI image) Gold price today: Gold April futures on MCX soared beyond Rs 86,000/10 gram, with the precious metal beginning Tuesday at a fresh peak of Rs 86,350 per 10 grams, showing a rise of 0.62% or Rs 534.Silver March futures were up…
Jewellers and bullion dealers want the Union Finance Minister Nirmala Sitharaman to prepare a mechanism to help the middle class in India to buy jewellery through EMI in the view of skyrocketing gold prices, allocate funds for upskilling the artisans and identify a single regulator for the gold market in the upcoming Budget that will…
Jewellery demand is expected to gradually recover from mid-January, primarily driven by wedding purchases, according to a World Gold Council (WGC) report. Demand, however, will be favourably influenced by gold price stability. The recent trend in investment demand is expected to continue, the report said. Consumers have been hesitant about buying gold jewellery due to…
Representative Image Gold investors brace for a rocky road ahead as BMI, a unit of Fitch Solutions, projects significant downside risks for the precious metal in 2025 while gold prices ave started to fall since Donald Trump won US elections. The firm predicts heightened volatility for gold prices, driven by the U.S. Federal Reserve’s measured…
Indian consumers have paused the purchase of heavy bridal gold jewellery for weddings in December, expecting the price of the yellow metal to fall further. Since Donald Trump won the US presidential election, gold price has fallen by ₹4,622 per 10 gm, or 6.25%, in the physical market as the dollar has strengthened. The price,…
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…
