Gold prices are unlikely to see a correction in the short term, thanks to the purchases made by central banks of different countries and the present geo-political uncertainties, Sachin Jain, Regional CEO, India, World Gold Council (WGC) has said. Also read: RBI moves 100 tonnes of gold back home amid global uncertainty He attributed one…
The RBI decision to bring back 100 tonnes of gold reserves from the UK to India reflects the confidence of the central bank in managing the reserves dynamically amid the growing global economic uncertainty. The gold purchased by RBI in the UK are usually stored in the Bank of England vault and it is also…
Gold was down 0.3 per cent whereas silver was up 0.3 per cent last week as they closed at $2,327 and $30.4 per ounce respectively on Friday. But in the domestic market futures of both metals gained. On the MCX, gold and silver futures was up 0.4 per cent and 1.1 per cent as they…
Gold prices were little changed on Monday as traders awaited more U.S. economic data this week, after recent data showed that inflation stabilised and lifted hopes for the Federal Reserve to cut interest rates later this year. Spot gold was nearly unchanged at $2,322.53 per ounce, as of 0342 GMT. Bullion was up nearly 2%…
Silver price on Friday fell ₹154 to ₹93,662 per kilogram as participants reduced their bets. On the Multi Commodity Exchange, silver contracts for July delivery declined ₹154 or 0.16 per cent to ₹93,662 per kg in a business turnover of 23,617 lots. Also read: Market update: Sensex up 1.85%, Nifty advance 1.56% Globally, silver was…
Gold price on Friday rose ₹4 to ₹73,135 per 10 gram in futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for August delivery traded higher ₹4 or 0.01 per cent at ₹73,135 per 10 grams in a business turnover of 16,751 lots. Also read:…
Gold prices steadied on Monday, following a slide below the key $2,300 level in the previous session, on stronger-than-expected U.S. jobs data, that doused expectations, for an early interest rate cut this year. Also read:Gold futures rise ₹4 to ₹73,135 per 10 gm Fundamentals * Spot gold was up 0.2 per cent at $2,396.69 per…
After declining about 5 per cent since soaring to a new high of $2,450 a troy ounce (oz) last month, gold prices will likely come under pressure this quarter. China pausing its gold purchases, the US labour market looking strong and indications of global interest rates remaining high will drag the yellow metal, say analysts….
SINGAPOREGold demand in Asia is surging despite prices hovering near the record highs it hit in May, industry officials say, as buyers snap up the metal to hedge against geopolitical and economic uncertainty. Spot gold is trading a little over $2,300 per ounce, up about 12 per cent year-to-date and only about 6 per cent…
Silver prices on Wednesday rose ₹461 to ₹89,124 per kilogram in futures trade as participants widened their bets on a firm spot demand. On the Multi Commodity Exchange, silver contracts for July delivery increased ₹461 or 0.52 per cent to ₹89,124 per kg in 21,352 lots. Also read: Gold rush grips Asia despite near-record prices…
