Gold price outlook: Goldman Sachs predicts that gold is most likely to experience a price increase in the near future due to its popularity as a risk hedge. The bank believes that upcoming US Federal Reserve rate cuts will attract Western capital back into the gold market, which has been largely absent during the sharp…
9-carat gold to be hallmarked soon? The gold trade has requested the Bureau of Indian Standards (BIS) to implement hallmarking and Hallmarking Unique Identification (HUID) numbers for 9-carat gold jewelry. This move comes as the prices of gold and silver have reached record highs, making them unaffordable for many consumers. At present, only 14, 18,…
Gold rate today: Gold and silver prices reached all-time highs on Monday’s opening trade. Gold contracts on MCX surged to Rs 71,080 per 10 grams, a jump of Rs 440 or 0.62%. Meanwhile, silver futures hit a new peak of Rs 82,064, trading at Rs 81,939, up by Rs 1,076 or 1.33%, by 10:10 AM.According…
