Data from the India Bullion and Jewellers Association (IBJA) showed 24-carat gold closed at Rs 80,194 per 10 gms. (AI image) Gold prices surpassed Rs 80,000/10 gm for the first time on Wednesday, according to data from a leading industry organisation, reflecting increased safe-haven demand from investors concerned about potential market volatility following an anticipated…
Kolkata: Gold prices rose by 1% on Tuesday following a weakening of the dollar after US President Donald Trump’s policy announcements, prompting Indian consumers to pause purchases of the yellow metal. The gold industry is concerned that the upward price momentum may continue this week if the dollar weakens further, denting sales. Gold was trading…
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…
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…
Indians have an estimated 22,000 tonnes of gold lying in their households, equivalent to what the country would have imported in 26 years to make jewellery, bars and coins. To unleash this idle gold and help reduce imports, gold trade bodies have written to the government, urging to make the Gold Monetisation Scheme (GMS) lucrative…
New Delhi: Senco Gold has reported a 22 per cent year-on-year (YoY) growth in total revenue for the third quarter ending December 2024 and a 19 per cent YoY increase for the first nine months of the current fiscal year, as per its recent regulatory filing. Retail growth remained steady at 19 per cent YoY…
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…
Representative image Soaring gold prices have led many Indian families to opt for lightweight and lower-carat jewellery to stay within their budgets, industry officials said. “I wanted to gift my daughter 80 grams of gold, but I was forced to scale it down to 50 grams because of price increase in the past two years,”…
Representative Image Kolkata: Fears of a major escalation in the Russia-Ukraine war sparked a fresh rally in gold prices, increasing the price of the yellow metal by Rs 2,820 per 10 gm to Rs 76,559 on Thursday, from Rs 73,739 on November 19. The latest price rise led consumers to promptly return to jewellery stores…
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…
