MCX December gold futures fell to ₹1,42,806 per 10 grams and silver to ₹1,94,700 per kg on Tuesday, as investors awaited the US Federal Reserve's policy decision
However, gold was still trading near a three-month low, while silver remained below ₹2 lakh per kg
India's forex reserves fell for the fifth straight week to $726 billion, while gold's share has nearly tripled since 2019, increasing exposure to price volatility.
Marathon Fusion has claimed that it converted mercury into stable gold using fusion technology, but the quantity produced, production cost and commercial viability remain unclear
Gold price outlook: Near-term resistance is at $4140/$4227; support is at $4000/$3930.
Gold and silver were trading weak in early trade after recording sharp losses in the previous session
In the global market, gold futures on Comex were trading near $4,110 per ounce, while silver was trading near $56.50 per ounce
Gold price outlook: If Brent extends rally and feeds into hotter inflation data and firmer Fed hike bets, lifting yields and the dollar, Gold could test $4,000-mark, says Kaynat Chainwala, Kotak Neo.
Foreign investors, Faber said, will reduce their exposure to markets around the world. "That is one reason I am reasonably positive about the US dollar," he added.
In the global market, gold futures on Comex were trading near $4,140 per ounce, while silver was trading near $57.60 per ounce
In the global market, gold futures on Comex were trading near $4,200 per ounce, while silver was trading near $57.60 per ounce
Restrictions come amid soaring gold investments and at a cost for AMCs
In Q2FY27, demand remained healthy despite the elevated gold price (up 28% YoY) supported by festive demand, premiumisation and continued market share gains by organised players, analysts said.
Praveen Singh of Mirae Asset Sharekhan has said that spot gold is facing tremendous selling pressure on rate hike concerns as inflation continues to run hot. It is advisable to sell into rallies.
Fresh lump-sum investments, new SIP registrations and SIP step-ups in these FoFs have been suspended, while existing SIPs will continue as usual.
Comex gold futures rose to $4,168.10 per ounce, while silver edged up to $56.10, with gold still below its year-to-date peak of $5,586.20
Barring P N Gadgil Jewellers, all the jewellery stocks in the comparison have gained year-to-date (YTD), with Tribhovandas Bhimji Zaveri (TBZ) emerging as the top performer
In the global market, gold futures on Comex were trading near $4,190 per ounce, while silver was trading near $59.50 per ounce
In the global market, gold futures on Comex were trading near $4,200 per ounce, while silver was trading near $60.50 per ounce
Gold futures on Comex were trading near $4,230 per ounce, while silver was trading near $61.30 per ounce