Bullion Industry

Gold hits six-week high, silver climbs to record on US rate cut bets

Spot gold was up 0.6 per cent at $4,255.98 per ounce, as of 1239 GMT, its highest since October 21. US gold futures for February delivery gained 0.8 per cent to $4,290.70

Gold could retest record highs as traders eye Powell's speech, RBI policy

Gold prices are poised to remain firm and could edge closer to record highs next week as investors await key US data, Federal Reserve Chair Jerome Powell's speech and the Reserve Bank of India's policy decision, analysts said. "Gold moves out of the consolidation range as investors focus on the manufacturing and services PMI data from across regions, US jobs data, and consumer sentiments," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. "Adding to that would be Fed chair Jerome Powell's speech on Monday, developments over the Russia-Ukraine peace talks and RBI policy meeting on Friday, all of which will be closely monitored by traders," he added. On the Multi Commodity Exchange (MCX), gold futures for the February 2026 contract climbed by Rs 3,654, or 2.9 per cent, over the past week to close at Rs 1,29,504 per 10 grams on Friday. In the domestic markets, "rupee's weakness and local demand have been a significant contributor to ...

Gold rallies ₹1,300 to ₹1,25,900 per 10 grams; silver bounce ₹2,460

Gold prices rallied by Rs 1,300 to Rs 1,25,900 per 10 grams in the national capital on Monday amid strong global cues and a weak dollar, according to the All India Sarafa Association. The precious metal of 99.5 per cent purity climbed by Rs 1,300 to Rs 1,25,300 per 10 grams (inclusive of all taxes) against Rs 1,24,000 per 10 grams on Friday. In the local bullion market, gold of 99.9 per cent purity had settled at Rs 1,24,600 per 10 grams in the previous market session. "Gold resumed trading on a positive note, supported by ongoing safe-haven demand and weaker US macroeconomic data that heightened expectations for a rate cut by the Federal Reserve in next month's meeting," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said. He noted that a softer dollar has provided further support for bullion. In addition, silver prices bounced by Rs 2,460 to Rs 1,55,760 per kilogram (inclusive of all taxes) on Monday. The white metal had finished at Rs 1,53,300 per kg on Friday,

FinMin calls meet to spur gold and silver transactions through IIBX

The officials also noted that the upcoming meeting will take stock of the progress made since the last review held on August 6, 2025

Gold and silver ETF assets top ₹1 trillion amid red-hot price rally

AUM of gold and silver ETFs surges 30% in September as record inflows, global uncertainties and central-bank buying drive investor demand for precious metals

China's central bank buys gold in August for 10th consecutive month

China's gold reserves stood at 74.02 million fine troy ounces at the end of August, up from 73.96 million at the end of July

Gold seen hitting $3,600 by year-end on global uncertainty: Ventura

Gold prices could climb to USD 3,600 per ounce in the global markets by the end of December, driven by global economic headwinds, geopolitical risks and robust investment demand, according to the Ventura Securities. In its latest outlook, Ventura Securities said it expects Comex gold futures to touch USD 3,600 per ounce by year-end, after hitting an all-time high of USD 3,534.10 on August 7. On the domestic front, the most-traded October gold futures scaled a record high of Rs 1,02,250 per 10 grams on the Multi Commodity Exchange on August 8. "Gold retains upside potential with pronounced volatility, supported by weaker US growth, sustained pressure on the US dollar index, trade frictions and heightened geopolitical risks," the stock broking firm said. Global demand trends continue to underpin the rally. Gold demand in the second quarter of 2025 rose 3 per cent year-on-year to 1,249 tonnes, valued at USD 132 billion, reflecting a 45 per cent surge in value terms. Investment inflow

Gold price dips ₹10 to ₹1,01,340, silver down ₹100, trading at ₹1,14,900

The price of 22-carat gold declined by ₹10, with ten grams of the yellow metal selling at ₹92,890

Gold price climbs ₹10 to ₹98,850; silver falls ₹100, trades at ₹1,09,900

The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹90,610

Gold price dips ₹10 to ₹98,940; silver falls ₹100, trading at ₹1,07,900

The price of 22-carat gold also stumbled ₹10, with ten grams of the yellow metal selling at ₹90,690

Gold price climbs ₹10 to ₹98,850; silver rises ₹100, trading at ₹1,00,100

The price of 22-carat gold rose ₹10, with ten grams of the yellow metal selling at ₹90,610

Gold price dips ₹10 to ₹95,010; silver down ₹100, trading at ₹96,900

The price of 22-carat gold fell ₹10, with ten grams of the yellow metal selling at ₹87,090

Akshaya Tritiya biz may touch Rs 16K cr, market to see mixed trend: CAIT

The domestic jewellery market is likely to witness a "mixed trend" in gold and silver buying on the auspicious day of Akshaya Tritiya amid sharp rise in prices of precious metal, Confederation of All India Traders (CAIT) said on Tuesday. All India Jewellers and Goldsmith Federation President Pankaj Arora has projected a business of Rs 16,000 crore on Akshaya Tritiya, a Hindu festival celebrated on April 30. "This year, jewellery markets across the country are witnessing mixed trends ahead of Akshaya Tritiya, mainly due to the sharp rise in gold prices in recent weeks," CAIT said in a statement. Currently, gold prices have touched Rs 1 lakh per 10 grams, compared to Rs 73,500 on the day of Akshaya Tritiya last year. Similarly, silver prices have touched Rs 1,00,000 per kilogram, up from Rs 86,000 per kilogram in 2023. All India Jewellers and Goldsmith Federation President Pankaj Arora said, "Typically, Akshaya Tritiya sees a surge in purchases, but this year, elevated prices have ..

Gold price dips ₹10 to ₹98,340, silver price falls ₹100 to ₹1,00,900

The price of 22-carat gold declined ₹10, with ten grams of the yellow metal selling at ₹90,140

Gold price climbs ₹10 to ₹97,590, silver declines ₹100 to ₹99,900

The price of 22-carat gold rose ₹10, with ten grams of the yellow metal selling at ₹89,460

Gold reclaims all-time high of Rs 96,450 per 10 g; silver climbs Rs 2,500

Gold prices rose by Rs 50 to revisit the all-time high level of Rs 96,450 per 10 grams in the national capital on Tuesday, according to the All India Sarafa Association. On Monday, the yellow metal of 99.9 per cent purity fell by Rs 50 to settle at Rs 96,400 per 10 grams. Gold of 99.5 per cent purity increased Rs 50 to reclaim its all-time high level of Rs 96,000 per 10 grams against the previous close of Rs 95,950 per 10 grams. Meanwhile, silver prices climbed by Rs 2,500 to Rs 97,500 per kg on the back of fresh industrial demand. The white metal had declined by Rs 500 to close at Rs 95,000 per kg on Monday. Globally, spot gold appreciated by USD 13.67 or 0.43 per cent to USD 3,224.60 per ounce. Also, Comex gold futures for June delivery went up 0.47 per cent to USD 3,241.50 per ounce. "Gold prices remain steady near all-time highs, buoyed by a weakening dollar and persistent uncertainty surrounding US trade policy," Chintan Mehta, Chief Executive Officer at Abans Financial Serv

Gold surges Rs 6,250 to breach Rs 96K level amid growing US-China trade war

Rebounding after four days of sharp fall, gold of 99.5 per cent purity surged by Rs 6,250 to touch an all-time high of Rs 96,000 per 10 grams against the previous close of Rs 89,750 per 10 grams

Gold price climbs ₹10 to ₹90,450, silver declines ₹100 to ₹92,900

The price of 22-carat gold rose ₹10, with ten grams of the yellow metal selling at ₹82,910

Gold prices hit record high as trade war fears drive safe-haven demand

The Personal Consumption Expenditures (PCE) price index increased 0.4 per cent in February, compared with analysts expectation of 0.3 per cent rise, similar to January's increase

Gold price falls Rs 10 to Rs 87,480, silver climbs Rs 100 to Rs 99,100

The price of 22-carat gold fell by Rs 10, with ten grams of the yellow metal selling at Rs 80,190