Gold prices concluded the trading session with an increase of 0.97%, reaching Rs 144,299. This rise was bolstered by prudent safe-haven purchasing as investors navigated the ambiguous signals regarding potential U.S.-Iran negotiations, all while anticipating a series of crucial U.S. labour market reports that could provide new insights into the Federal Reserve’s interest rate trajectory. Read More
Gold and silver prices experienced a decline of up to 1% in early trading on the MCX on Tuesday, 28 July, reflecting the influence of subdued global indicators. Precious metals experienced profit-taking as the dollar index remained around 101.5 in anticipation of the US Federal Reserve’s monetary policy decision on 29 July. MCX gold August Read More
Gold prices experienced a notable decrease of 1.96%, concluding at Rs 142,821. This decline can be attributed to escalating geopolitical tensions in the Middle East, which have heightened inflation expectations and raised the probability of a more stringent U.S. monetary policy. The Iran-backed Houthis asserted responsibility for assaults on two Saudi oil tankers, coinciding with Read More
Gold prices concluded the trading session with an increase of 0.34%, reaching Rs 141,388. This uptick was bolstered by short covering and ongoing geopolitical uncertainty related to the U.S.-Iran situation. Market participants closely observed diplomatic developments following Iran’s indication that negotiations with the United States could advance if they align with national interests. Simultaneously, anticipations Read More
Gold prices fell by 0.29%, closing at Rs 141,850, as the release of softer U.S. inflation data alleviated immediate concerns regarding rate hikes. Concurrently, rising tensions in the Middle East and increasing crude oil prices sustained demand for safe-haven assets. Despite the easing of inflation bolstering expectations for forthcoming monetary easing, markets continued to factor Read More
Gold prices experienced a notable rebound, closing 1.11% higher at Rs 145,300, bolstered by a slightly weaker U.S. dollar that stimulated buying interest. However, investor sentiment remained cautious due to ongoing geopolitical tensions in the Middle East and the prevailing uncertainty regarding the Federal Reserve’s policy direction. The recovery also reflected short covering after recent Read More
Gold prices declined by 0.31% to close at Rs 146,917, influenced by the strengthening of the U.S. dollar, which exerted downward pressure on bullion prices. However, losses remained constrained following weaker-than-anticipated U.S. employment data, which bolstered expectations that the Federal Reserve might postpone additional interest rate increases. In June, the growth of nonfarm payrolls experienced Read More
Gold prices decreased by Rs 150 to Rs 1,50,650 per 10 grams in the national capital on Monday, while silver fell by Rs 5,000. This decline was influenced by a sluggish global trend and a strong US dollar, leading traders to reduce their positions in precious metals. The precious metal of 99.9 per cent purity Read More
Gold prices increased by 0.92% to close at Rs 145,758, buoyed by disappointing U.S. employment figures, declining crude oil prices, and remarks from Federal Reserve Chair Kevin Warsh suggesting a recent alleviation of inflation risks. While Warsh reiterated the Fed’s commitment to achieving its 2% inflation target, he cautioned against anticipating a swift transition toward Read More
Gold prices concluded the trading session with an increase of 0.72%, reaching Rs 144,162. This rise was bolstered by a decline in the value of the U.S. dollar and a slight reduction in anticipations regarding stringent U.S. monetary policy following the publication of inflation statistics. The dollar experienced a decline from its recent peaks after Read More
Silver prices in India declined on Tuesday, retracing some of Monday’s gains as the precious metals market took a breather after two consecutive days of increases. The national rate remains at Rs 265 per gram — or Rs 2,650 per 10 grams and Rs 2,65,000 per kilogram — unchanged from Monday’s Rs 2,650 per 10 Read More
Gold and silver prices experienced a significant decline on the Multi Commodity Exchange on Wednesday. This downturn was influenced by renewed tensions in the Middle East, a strengthening dollar, and increasing oil prices, all of which negatively impacted market sentiment following Iran’s retaliation in response to US airstrikes. In the domestic market, silver futures for Read More
Gold and silver prices commenced on a positive note on the Multi Commodity Exchange this Thursday, buoyed by a weaker U.S. dollar and declining crude oil prices, which provided a favourable backdrop for the precious metals. Investors also considered the renewed optimism surrounding a potential resolution to the U.S.-Israeli conflict with Iran. In the domestic Read More
Historically, the months of May and June witness robust demand for gold and jewellery, driven by the prevailing Hindu wedding season. However, with gold prices in India reaching unprecedented levels earlier, consumers are now exhibiting increased caution and delaying significant jewellery acquisitions, which has consequently led to a decline in both demand and gold prices. Read More
Gold prices concluded the trading session down by 0.58% at Rs 158,679, influenced by a robust US dollar and escalating crude oil prices, which heightened inflation apprehensions and bolstered anticipations of a more stringent monetary policy from the Federal Reserve. Market sentiment weakened following remarks from Federal Reserve Governor Christopher Waller, who indicated that the Read More
Gold prices concluded the session with a slight decline of 0.25%, settling at Rs 159,606. This movement can be attributed to profit-taking and a prevailing cautious sentiment, despite ongoing geopolitical tensions that continue to offer a degree of support. Market sentiment exhibited sensitivity as hopes for a US-Iran peace agreement diminished, following reports indicating that Read More
Silver prices concluded the trading session with a notable increase of 1.53%, reaching Rs 2,74,265. This increase was supported by a decrease in U.S. Treasury yields and persistent geopolitical tensions stemming from the stalemate in U.S.-Iran negotiations. The decline in U.S. bond yields from their recent multi-month highs has bolstered sentiment for precious metals, while Read More
Gold prices concluded the trading session with an increase of 0.54%, reaching Rs 159401, as investors kept a close watch on the possible advancements in the resolution of the Iran conflict. Market sentiment showed signs of improvement following reports indicating that the United States might relax sanctions on Iranian oil exports, alongside Iran’s potential agreement Read More
Gold yesterday settled higher by 0.74% at Rs 153,663 as traders evaluated yet another setback in Middle East peace negotiations alongside increasing apprehensions regarding sustained geopolitical tensions. US President Donald Trump dismissed Iran’s recent counterproposal intended to resolve the 10-week conflict, labeling it as “totally unacceptable.” In turn, Iran asserted that it would “never bow,” Read More
Gold and silver prices exhibited a mixed opening on the Multi Commodity Exchange of India on Monday, as stalled US-Iran peace negotiations propelled oil prices upward. This development has heightened concerns that persistently high inflation could compel central banks to maintain elevated interest rates for an extended duration. Expectations for a swift resolution to the Read More
