Gold demand in the September quarter was up 10 per cent at 210 tonnes against 192 tonnes in the same period last year, largely driven by investment demand. Jewellery demand was up 7 per cent at 156 tonnes (146 tonnes) and investments increased 20 per cent to 54 tonnes (45 tonnes). Demand for bars and…
The precious metals saw a diverging performance – gold declined, whereas silver gained. In terms of dollars, gold lost 0.7 per cent as it ended at $1,992 per ounce and silver gained 0.4 per cent as it closed at $23.3 an ounce. Similarly, on the MCX, gold futures dropped 0.2 per cent and silver futures…
The precious metals gained last week on dollar weakness. Gold appreciated 2.3 per cent to end the week at $1,980.9 per ounce, whereas silver gained 6.8 per cent to close at $23.7 an ounce. Similarly, gold futures on the MCX was up 1.8 per cent and silver futures gained 4.4 per cent and closed the…
Gold prices rose on Monday well above a key $2,000 level, supported by a weaker U.S. dollar and on bets that the U.S. Federal Reserve is done with its interest rate hike cycle. Read: Bullion Cues: Bias turning bullish FUNDAMENTALS * Spot gold rose 0.7% to $2,015.09 per ounce by 01:35 GMT. * U.S. gold…
Gold prices climbed to a six-month peak on Tuesday, buoyed by expectations that an end to the U.S. Federal Reserve’s interest rate hike cycle would keep the dollar and yields under check. Spot gold rose 0.1 per cent to $2,015.65 per ounce by 0243 GMT. U.S. gold futures for December delivery rose 0.2 per cent…
Gold continued its upward momentum for a fourth consecutive session, reaching a more than six-month high and closing at $2045 an ounce. This surge is attributed to a weakening dollar and the prevailing belief that the US Federal Reserve has concluded its interest rate hikes. There is a growing sentiment among Fed policymakers to maintain…
The precious metals appreciated for a third week in a row, showing strong momentum. Gold and silver appreciated 3.4 per cent and 4.5 per cent as they closed the week at $2,070.9 and $25.4 per ounce respectively. Likewise, on the MCX, gold futures was up 2.8 per cent and silver futures gained 3.4 per cent…
The time is opportune to revisit India’s gold policy in the backdrop of global central banks’ enhanced gold purchases, which is a serious sign of de-dollarization, several fintech startups entering the gold segment in recent years, and banks launching their own gold loan products, among others, according to a State Bank of India report. SBI’s…
With gold prices testing new highs, jewellery recycling is all set to hit 100-150 tonnes this month against 80 tonnes logged last month. Also read: Time opportune to revisit India’s gold policy: SBI’s eco research team Gold prices have jumped ₹1,863 per 10 gram to close at ₹62,415 on Friday against ₹60,579 on November 7….
The demand trajectory is expected to remain robust due to the ongoing wedding season, which is expected to keep demand for gold and jewellery on the higher side | Photo Credit: NAGARA GOPAL After significant rally in last few days, gold prices fell by ₹29 per 10 grams to ₹62,367 on Friday as rupee strengthened…
