Gold prices surged to a record high on Friday, as investors flocked to the safe-haven asset amid fears of a global trade war triggered by U.S. President Donald Trump’s latest tariffs. Spot gold climbed 0.6 per cent to USD 3,074.43 an ounce as of 02:41 p.m. EDT (1839 GMT) after hitting its eighteenth record high…
Gold demand in India remained sluggish this week because of record high prices and as jewellers were busy closing accounts for the financial year, while most other Asian hubs also saw waning buying interest. “Jewellers were not making purchases,” said Harshad Ajmera of wholesaler JJ Gold House in Kolkata. India’s financial year runs from April…
As gold prices jump to successive highs, jewellers across Asia and the Middle East are grappling with displays losing their sparkle as customers race to cash in their old jewellery and coins. If the rush to sell continues, it could ultimately lead to lower imports into major markets, potentially tempering gold’s rally, retailers and industry…
Anil Agarwal is confident about gold’s trajectory, citing predictions of prices surpassing $3,000 per ounce amidst global economic instability. US President Donald Trump wants America to ‘Drill baby, drill’ for oil. In India Vedanta chairman Anil Agarwal has echoed a similar sentiment – but for gold! In a recent post on X (formerly Twitter), Anil…
Gold was headed for a third straight week of gains on Friday after three consecutive record highs this week, bolstered by the Federal Reserve’s rate cut cues for the year and safe-haven demand amid geopolitical and economic uncertainties. Spot gold eased 0.3 per cent to USD 3,034.09 an ounce as of 0235 GMT. Bullion reached…
Gold went up in the physical market by Rs 1,048 per 10 gm on Monday to Rs 87,891 per 10 gm in the physical market from a closing price of Rs 86,843 on Thursday, a rise of 1.2 per cent. The gold market was closed on Friday due to Holi. Families, which have weddings in…
Despite gold prices soaring to record highs, Gujarat’s gold imports surged 62 per cent month-on-month in Feb, reaching 11.32 metric tonnes (MT) compared to 6.98MT in Jan, according to data from the Ahmedabad Air Cargo Complex. The wedding season, packed with auspicious muhurats, kept demand strong despite prices hitting an all-time high of Rs 89,500…
New Delhi: Rupesh Jain, the founder of Candere by Kalyan Jewellers, is making a return to the jewellery industry with a new venture focused on lab-grown diamonds (LGDs). After successfully scaling Candere, an online jewellery brand he founded in 2013, Jain sold the company to Kalyan Jewellers in a phased acquisition, with the final stake…
Gold prices rebounded on Wednesday after hitting a one-week low in the previous session, as growing uncertainties stemming from U.S. President Donald Trump’s tariff plans dampened risk appetite and boosted the safe-haven bullion’s demand. Spot gold gained 0.1 per cent to $2,916.84 an ounce as of 0513 GMT, after falling more than 2 per cent…
Gold investment interest is expected to remain strong, even as jewellery demand faces pressure from record-high prices, according to a report released by the World Gold Council (WGC). WGC said that the financial year-end dynamics, which include statutory payments and tax-saving investments, may curtail discretionary spending, further weighing down demand. However, price stability could be…
