Spot gold tested a new lifetime high last week due to a combination of factors that have converged to propel the demand for the yellow metal. Multiple catalysts like US rate cut speculation, China’s economic stimulus, and renewed geopolitical tensions attributed to the rise in prices. Prices on the London spot market surged near to…
MUMBAI: The stock price of BSE crashed 13.3% on Monday after it said that it would have to pay some additional amount to market regulator Sebi for wrongful benchmarking of the regulatory fee for options contracts traded on it since fiscal 2007. For a similar incident MCX has also been served a letter by Sebi…
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,…
Representative image Mumbai: Silver surged to an all-time high on Monday as lingering geopolitical concerns and expectations of interest rate cuts by the US Federal Reserve are fueling a record-breaking rally in precious metals. The precious metal could gain by another 10-15% from current levels, said experts. Silver contracts, which have risen by more than…
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…
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…
