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 and silver prices commenced trading on the MCX on Wednesday with a decline, marking the continuation of losses for a third consecutive session. Recent U.S. military actions against Iran have resulted in an uptick in oil prices and the U.S. dollar, raising apprehensions that inflation may persist at elevated levels. This scenario could lead 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 and silver prices commenced the day with a slight decline on the Multi Commodity Exchange on Wednesday, even as optimism surrounding a potential U.S.-Iran peace agreement has tempered expectations for additional U.S. interest rate increases. Investors are keenly anticipating further information regarding the proposed deal as well as the results of the Federal Reserve’s Read More
Gold and silver prices in India experienced a significant increase on the Multi Commodity Exchange on Friday, driven by robust buying activity. This surge is attributed to investor optimism surrounding a potential US-Iran peace agreement that may bring an end to the ongoing conflict in West Asia. MCX gold rate for August futures contracts commenced Read More
