Gold prices jumped by 1.7% or Rs 1,200 per 10 gram on Friday taking cues from prices in the international market. The rally was on the back of growing hopes of the September interest rate cut by the US Federal Reserve following a benign July inflation number. Around 8:20 pm, the October gold futures on … Read more
Domestic gold prices recovered on Friday gaining by over Rs 500 per 10 gram in intraday trade, taking cues from international prices. The prices were up ahead of the crucial inflation data in the US which could give more clarity on the timing of the interest rate cuts by the Federal Reserve. Domestic gold prices … Read more
Q. Gold and silver prices fell last week, why is that? Also, downbeat US housing data came out too. How does it fit into the picture? What will be the trend this week? Naveen Mathur: The fall in precious metals was seen largely on Friday partly due to profit booking moves on mildly upbeat US … Read more
Gold prices hit yet another lifetime high in Friday’s opening trade after softer US PPI inflation data lifted sentiments for bullion on the Street. The new peaks were scaled notwithstanding a firmer dollar index (DXY) which has shot up over 105, gaining over 1% in the last five trading sessions. Gold prices in India took … Read more
Gold bulls unleashed on Wednesday, hitting yet another lifetime high of Rs 71,505 per 10 gram in the opening trade. Silver too joined the party with strong gains after ending the previous session with a fresh all-time high of Rs 83,038. Around 9:20 am today, the MCX June gold futures were trading at Rs 71,474, … Read more
Gold’s scorching run to an all-time high may seem easy to explain from a distance, given the fractious geopolitical climate and murky outlook for the global economy. The precious metal is famously seen as a “safe haven,” and the general view is that bullion prices should rise when interest rates fall — which many investors … Read more
Gold and silver prices hit new lifetime highs in the opening trade on Monday continuing their dream run on the Street. Gold contracts on MCX hit a life high of Rs 71,080 per 10 grams jumping Rs 440 or 0.62%. Meanwhile, silver futures scaled a new peak of Rs 82,064. It was trading at Rs … Read more
Notwithstanding a firmer dollar index (DXY), gold prices held their ground on Tuesday in hopes of an early rate cut as softer inflation numbers in the US lifted sentiments. The domestic yellow metal prices took cues from their overseas peers and traded with a positive bias. The MCX June gold futures were trading at Rs … Read more
