Buoyed by a dovish FOMC outcome, spot gold surged on December 11 extending its gains to the second day. At the time of writing this article, spot gold was trading with a gain of 1.3 per cent at $4282
The value of gold, the note said, is only 60 - 70 per cent of the jewellery purchase price. The weak performance of diamonds, which form a meaningful part of the jewellery purchase price, caps gains.
Gold will react mainly to the shifting odds of a December rate cut, which means that the September NFP report may further weigh on the yellow metal, analyst said
From a technical perspective, the first key technical support for gold, according to WGC, is seen around its medium-term 55-day average and initial Fibonacci retracement of the rise from the 2022 low
India's gold reserves climbed to $108 billion as global prices surged and the RBI added to its holdings, diversifying forex reserves amid rising global uncertainty
As gold is in an unchartered territory, it is difficult to forecast prices; however, a breach of $4,300 level will open a way to $4,500 (MCX December contract ₹1,36,000) a - a psychological resistance
As the gold rally continues with prices breaking record highs, here's a look at similar historical examples where gold surged, what caused that surge and what happened after
Apurva Sheth, head of market perspectives and research at SAMCO Securities believes that the recent buying frenzy in both gold and silver has been led by FOMO - buying out of fear of missing out
Gold prices hit record highs ahead of Diwali. Explore expert tips on the best gold investment options, physical gold, jewellery, digital gold or ETFs - for maximum returns.
The 50:50 split is highly effective for those navigating competing responsibilities: supporting children, managing loans, and caring for elders, while dreaming of vacations and legacy.
Gold outlook: Spot gold continues to find robust support from a confluence of macroeconomic factors, chief among them being the rapidly deteriorating fiscal landscape in major economies.
India's consumption loans grew 14.5% YoY in Q1FY26 to Rs 105.6 trillion, driven by gold loans, while personal loan growth slowed and credit card originations dropped sharply
Gold is under pressure from geopolitical factors as traders expect that the US-driven peace efforts may lead to a breakthrough in the Ukraine war talks
India's foreign exchange reserves rose by $4.7 billion to $693 billion for the week ending August 8, boosted by an increase in foreign currency assets, gold reserves, and IMF holdings
