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 rate today: Gold prices surged in today’s trading session, surpassing the Rs 72,000 per 10 grams mark, while silver reached Rs 84,000 per kilogram for the first time ever. These milestones were achieved despite a stronger dollar index, which rose above 105, marking a 1% increase over the past five trading days.According to ET,…
Gold rate today: Gold prices reached a new all-time high of Rs 71,150 per 10 grams on the MCX on Tuesday, following international price trends. By 10 AM, June gold futures were trading at Rs 71,130, up by Rs 218 or 0.31% from Monday’s close.According to ET, simultaneously, the May silver contract experienced a slight…
Representative Image Gold rallied to a record high of Rs 71,080 per 10 gram on Monday, crimping demand for jewellery a day ahead of a Hindu festival considered auspicious for gold purchases. Price of the yellow metal rose 1.72% or Rs 1,198 per 10 gm from last Friday. Rising prices of precious metals come ahead…
MUMBAI: Precious metals are having a golden run. Gold prices on Monday jumped by over Rs 1,500 to record Rs 71,100/10gm crossing the Rs 70,000-milestone for the first time amid heightened geopolitical risks and aggressive buying by central banks. Silver, too, joined the party, crossing the Rs 80,000/kg-level for the first time as prices jumped…
Gold rate today: Gold prices reached a new all-time high on Thursday, influenced by global commodity prices. US Fed Chair Jerome Powell‘s statement, indicating that recent job numbers and higher-than-expected inflation wouldn’t change the central bank’s monetary strategy much, boosted investor confidence in gold, sparking increased buying activity.According to ET, June Gold futures on MCX…
Representative image Mumbai: Gold prices will skyrocket further in June, when the US Fed brings about a rate cut, Gold Jewellery Council (GJC) has forecast. While the yellow metal reached an all-time high on Monday and fluctuated on Tuesday to close a few points lower, GJC, which opened its jewellery show on Tuesday, said customers…
Gold prices touched a record high on Monday after data showed that U.S. inflation moderated in February, boosting bets for the Federal Reserve‘s June interest rate cut. FUNDAMENTALSSpot gold rose 1% at $2,255.39 per ounce, as of 0103 GMT. Bullion hit a record high of $2,256.09 per ounce earlier in the session. U.S. gold futures…
India’s gold obsession is starting to pinch with prices of the precious metal continuing to spiral and touching a record at nearly ₹67,000 for 10 grams. This has forced consumers to moderate gold purchases while including more precious stones in jewellery. Gold and silver prices rallied on Thursday after the US Federal Reserve maintained that…
MUMBAI: Goldsmiths often report that the rising rate of bullion does not deter festive buyers and investors. The first has a pressing need to purchase while the second is mindful that the value of the precious metal will only appreciate. However, this past week since gold broke the psychological barrier of Rs 65,000 per 10…
