Gold ($3,085/ounce) and silver ($34.1/ounce) gained 2 per cent and 3.2 per cent respectively last week. In the domestic market, gold futures (₹89,687/10 gm) and silver futures (₹1,00,457/kg) were up 1.3 per cent and 2.6 per cent respectively. MCX-Gold (₹89,687) Gold futures (June) began last week on the back foot by declining on Monday. However,…
US tariff uncertainties are likely to push gold prices to ₹87,000- ₹90,000 in the first half of the calendar year 2025 (January- June), according to a report by ICICI Bank Global Markets. Currently, the gold prices are at around ₹83,410 per 10 grams for 22-carat and ₹90,990 per 10 grams for 24-carat, publicly available data…
Gold rose to a record as concerns about a widening trade war remained front of mind for investors, after President Donald Trump pushed ahead with US tariffs on all auto imports. Bullion gained as much as 0.7 per cent on Friday to an all-time high of more than $3,077 an ounce, beating the previous record…
The India International Bullion Exchange (IIBX) at GIFT IFSC, on Thursday stated that the cumulative volume of gold traded on the IIBX platform since inception has surpassed 100 tonnes. This year alone, the volume of gold traded on the exchange has crossed 92 tonnes. In 2023-24, it was 7928 kilograms and in 2022-23, it was 411 kilograms….
De Beers, one of the world’s leading diamond brands, expects retail diamond prices to remain firm amid strong demand. It anticipates the domestic diamond market to rise from $8.5 billion to $18 billion by 2030. Amit Pratihari, MD, De Beers India, said contrary to the general market perception, retail natural diamond prices are rising steadily…
India has discontinued parts of a scheme that encouraged households and institutions to deposit idle gold in exchange for interest payments. The gold monetisation scheme, introduced in 2015, included gold deposits for 1-to-3 years, 5-to-7 years and 12-to-15 years. The 5-to-7 and 12-to-15 year deposits have been discontinued, the finance ministry said late on Tuesday,…
Despite the relief rally in equity markets, Sovereign Gold Bond prices have been moving up steadily on the NSE, with the government deciding against issuing fresh gold bonds. Though trading volumes have been thin due to a lack of awareness, prices have rallied between 5 per cent and 7 per cent in the last two…
As gold prices jump to successive highs, jewellers across Asia and the Middle East are grappling with displays losing their sparkle as customers race to cash in their old jewellery and coins. If the rush to sell continues, it could ultimately lead to lower imports into major markets, potentially tempering gold’s rally, retailers and industry…
Notwithstanding the weak demand, gold prices in the domestic wholesale markets are expected to swing from a discount of $25 an ounce on international prices last month to a premium of $20 an ounce due to supply-side disruptions in the global markets, stemming from the physical transport of gold from London to New York. The…
Gold prices maintained a rising momentum for the third consecutive session to reach another all-time high of ₹89,796 per 10 grams on Thursday, following a firm trend in global markets. On the Multi Commodity Exchange (MCX), the precious metal contracts for April delivery hit a record high of ₹89,796 per 10 grams in the morning…
