Representative image Physical gold dealers in India were forced to offer discounts this week, as record high prices dampened demand ahead of a key festival, while discounts in top consumer China narrowed. In India domestic prices hit a record high of 77,641 rupees ($923.85) per 10 grams, up more than 15% from a four-month low…
Despite rocketing gold prices, Tata Group, which owns jewellery brands like Tanishq, Mia by Tanishq, Cartlane, and Zoya, expects the festive demand to continue to stay positive, Ajoy Chawla, CEO – jewellery division, Titan. He said the consumer sentiments are much higher as compared to the previous year as consumer’s interest in the gold has…
Representative image With the ongoing festive season and Diwali around the corner, the prices of gold may be set to touch Rs 80,000/10 gram, believe analysts as the yellow metal has maintained its upward trajectory for the third consecutive year. With Diwali just three weeks away, we are entering a major festival season in India….
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…
Representative image Kolkata: Gold touched a new high of ₹78,300 per 10 gm on Wednesday due to safe-haven buying amid escalating tensions in the Middle East, and lower US bond yields. Market participants are expecting the yellow metal to rise further if global geopolitical uncertainties worsen. Prices rose by ₹1,500 per 10 gm compared to…
Representative image Physical demand for gold across key markets has tumbled as prices continue to rise, with some retail consumers opting to sell their holdings and book the profit, industry players and analysts said. Spot gold rose to a record $2,685.42 per ounce on Sept. 26, and has gained around 29% so far this year…
Representative image Gold reached record-breaking levels in September, buoyed by a bumper US interest rate cut, fears of rising geopolitical conflict, and an import tax cut in India that has galvanised local demand. India, the world’s second largest consumer of gold jewellery, cut the import tax on gold in July to six percent from 15…
Representative image New Delhi: Gold and Silver prices are on an upward trajectory backed by firm demand, and the steam seems to remain till the end of this festival season. In the current financial year, gold and silver prices have appreciated by nearly 10 and 24 per cent, respectively. “From Indian perspective, with the customs…
Representative Image Monthly instalment schemes floated by jewellers are keeping the gold demand alive for the retailers, with the amount received by them from consumers continuing to grow in corpus when overall gold demand remains weak. Market leader Tata-owned Tanishq has disclosed that monthly deposit at its stores has gone up by 10% year-on-year (yoy)…
Representative image New Delhi: Gold prices are witnessing a strong resurgence in both international and domestic markets, with increased jewellery buying and investment activities expected to persist, according to the latest report from the World Gold Council. Rural demand, in particular, is showing signs of recovery. With an improved monsoon season and higher crop sowing…
