Taking cues from global markets, gold prices continued to rally in the domestic market on hopes of sooner than later US Fed rate cuts following comments from the US Federal Reserve Chair Jerome Powell, besides higher purchase of gold by central banks in January. In January, the Reserve Bank of India joined other central banks…
Gold prices were down marginally at ₹65,566 per 10 grams taking the cue from the weak trend in the global markets. Opening weak at ₹65,615 against ₹65,646, gold prices on Tuesday fell by ₹80 after hitting a new high on Monday, according to data available with the Indian Bullion and Jewellers Association. In the US…
Gold prices were on track on Friday to snap a three-week winning streak as surprisingly hot U.S. inflation readings prompted traders to re-think on how swiftly and deeply the Federal Reserve could cut interest rates this year. Spot gold was up 0.1% at $2,163.92 per ounce, as of 0338 GMT, but on track to post…
Gold prices climbed to a record high on Thursday, as the US dollar and bond yields ticked lower after the Federal Reserve maintained its projection of three rate cuts for this year. Lower interest rates decrease the opportunity cost of holding non-yielding bullion and weigh on the dollar, making gold cheaper for investors holding other…
High net worth Urban Indian women favour listed equities over gold and real estate as their preferred asset class for investment, a Survey by wealth management firm Waterfield Advisors has found. Also read:Valuing non-profits and making social stock exchange work The survey, involving 104 Indian women residing in tier-1 cities with each having a net…
Three factors — the US Fed’s likely move to cut interest rates, a weaker dollar and geopolitical tension — will likely keep gold prices elevated in 2024 with research agencies raising their price forecast for the precious metal. JP Morgan has picked gold as the top pick among commodities this year and has forecast its…
A hidden Chinese hand is behind gold’s current run to a record high apart from hopes of US Fed’s interest rates cut, weak dollar and geopolitical tensions. Gold soared to a record $2,222.49 an ounce earlier this week, before settling at $2,170 during the weekend. Sample this. A small jewellery shop in Shuibei Jewelry Park…
Sai Silks Kalamandir, a leading ethnic fashion brand, plans to launch silver jewellery under ‘Rasamayi’. With a keen eye on market trends and consumer preferences, Kalamandir recently convened a meeting to discuss and unanimously approved the company’s strategic expansion into silver jewellery. The decision to venture into ethnic silver jewellery is a natural progression for…
With over 6 per cent gain in the past month, gold has once again captured the attention of investors worldwide as its price surged to record highs. In contrast, equity markets, which are also trading near record high levels, have more or less been flat over the past one month. So, the sheen on gold…
Gold continued the uptrend and hit fresh highs. Although silver gained, it lagged the yellow metal. In terms of dollars, gold and silver were up 3.2 per cent and 1.2 per cent last week and closed at $2,232.4 and $25 per ounce, respectively. On the Multi Commodity Exchange, gold futures gained 2 per cent to…
