Gold Trade

Gold prices declined Rs 853 to Rs 1.62 lakh per 10 grams in futures trade on Wednesday tracking a bearish sentiment in the international markets amid mixed signals surrounding the ongoing conflict in West Asia. According to the Multi Commodity Exchange, the yellow metal for April delivery depreciated by Rs 853, or 0.52 per cent, to Rs 1,62,450 per 10 grams in a business turnover of 7,529 lots. Analysts said the recent gains in the precious metal prices faded as developments surrounding the conflict involving the US, Israel and Iran remained uncertain, keeping the investors cautious. In the international markets, gold futures on the Comex for April delivery slipped USD 30.15, or 0.58 per cent, to USD 5,211.95 per ounce. "Part of the gains faded amid conflicting developments surrounding the ongoing US-Israel conflict with Iran. The evolving geopolitical situation continues to cloud the outlook for Washington's monetary policy, particularly expectations for potential interest rate cut

Bullion fell as much as 2.5 per cent to below $5,050 an ounce in early trading, after its first weekly decline in more than a month

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,49,290

Spot gold gained 1.6 per cent to $5,168.69 per ounce as ‌of 0249 GMT while US gold futures for April delivery added 1.1 per cent to $5,178.40

The US Supreme Court's decision takes away a big cloud that's been hanging over global trade for a year now, analysts said.

Domestic gold prices were trading around ₹155,000 per 10 grams on Friday, having hit a record high of ₹180,779 last month ‌before sliding to as low as ₹133,687 earlier in February

Gold outlook: Spot gold continues to trade in its short-term range of $4,700-$5,100; however, moves have become quite volatile and choppy

Bullion fell as much as 0.8 per cent on Monday, after climbing 2.4 per cent in the previous session

US yields fell on Tuesday after a raft of data suggested the economy may be softening, giving the US Federal ‌Reserve more room to cut interest rates

Spot gold climbed as much as 1.7 per cent in early trading, and was also supported by a landslide election victory for incumbent Japanese Prime Minister Sanae Takaichi

The US dollar was at its lowest level since February 4, making greenback-priced metals cheaper for overseas buyers

Domestic gold prices were trading around ₹150,000 per 10 grams on Friday, after hitting a record high of ₹180,779 last week before sliding to as low as ₹133,687 this week

Gold rose nearly 13 per cent in January in its biggest monthly gain since November 2009, while silver jumped 19 per cent

Gold and Asian equities rebounded on Tuesday as trading conditions steadied following sharp swings in metals markets, with sentiment helped by stronger-than-expected US factory data

At current levels, MCX Gold prices have retraced up to 38.2 per cent, and Silver up to 50 per cent, highlights Aamir Makda Commodity & Currency Analyst of Choice Broking.

Spot gold fell as much as 6.3 per cent on Monday while Silver swung sharply, dropping to around $75 an ounce having earlier climbed as much as 3.2 per cent

Even after Friday's pullback, gold still registered a monthly gain of 13 per cent while silver was up 19 per cent for the month

Spot gold slumped to $5,104 before finding a bid. US equities slumping on tech spending and RoI concerns also weighed on the precious metals

Gold has surged past $5,000 an ounce as geopolitical tensions, trade uncertainty, expectations of lower US Fed interest rates and sustained global central bank buying combine to support prices

Spot gold will continue to draw support from safe-haven buying amid elevated geopolitical tensions as Greenland uncertainty continues