India Joins the Big League as Gold ETF Flows Surge Worldwide
Gold and silver prices are expected to sustain positive momentum next week amid heightened geopolitical tensions and the uncertainty surrounding the US Supreme Court's impending decision on President Donald Trump's tariff policy, analysts said. The release of inflation data from major economies, including the US, India, and Germany, along with trade and investment numbers from China and commentary from some Federal Reserve officials, will also be closely watched by the traders, they added. "The bullions are expected to continue their positive momentum and corrective moves should be a buying opportunity, as focus again will remain on the US Supreme court hearing in the Trump's trade tariffs case and the geopolitical issues surrounding US President Donald Trump's actions & comments," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. On the Multi Commodity Exchange (MCX), gold futures climbed by Rs 3,058, or 2.25 per cent, over the .
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,27,710
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,26,740
The value of digital gold was recorded at ₹2,079.31 crore across 183.32 million transactions in December
Spot gold dropped 0.8 per cent to $4,461.51 per ounce, as of 1001 GMT, after briefly touching a more than one-week high earlier in the session
The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹1,26,710
In other precious metals, spot silver jumped 3.9 per cent to $75.42 an ounce after hitting a record $83.62 on December 29
Gold and silver prices are likely to witness sharp swings next week as traders weigh key economic data and brace for heightened geopolitical uncertainty after US forces captured Venezuelan President Nicolas Maduro, analysts said. Investors will focus on key US data points, including ISM Manufacturing, December ADP employment numbers, and the unemployment rate, along with comments from a slew of Federal Reserve officials that could provide cues on the central bank's monetary policy outlook and near-term direction for bullion prices, they added. "Gold prices are likely to remain volatile in the week ahead as there are bullish as well as bearish factors at play," Prathamesh Mallya, DVP - Research, Non - Agri Commodities and Currencies, Angel One, said. According to experts, commodities markets are expected to see aggressive trading on Monday, reflecting volatile geopolitics after the US captured Venezuelan President Nicolas Maduro and his wife in a military operation on Saturday, ...
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,24,860
The world has slowly changed into a format that seems to hate trade - more tariffs, more restrictions on immigration, and, in general, a call to go local
Forex traders said the USD/INR pair traded in a tight range, as support from easing crude oil prices was offset by a positive tone in the US dollar index and foreign fund outflows
Under Income Tax rules, gold jewellery held within prescribed limits is NOT questioned, even without purchase proof - if it matches family status and customs.
The price of 22-carat gold declined by ₹10, with ten grams of the yellow metal selling at ₹1,27,640
Spot platinum slid by 6.9 per cent to $2,281.15 an ounce after touching a record peak of $2,478.50 while palladium plunged 11.9 per cent to $1,694.75 an ounce
A resurgent gold rally has lifted multi-asset funds back into contention, widening their return edge over key equity categories despite lower risk exposure
The price of 22-carat gold rose by ₹10, with ten grams of the yellow metal selling at ₹1,29,450
RBI data show gold reserves and foreign currency assets rose during the week, aided by a $5 billion USD/INR buy-sell swap and intervention in the rupee market
The price of 22-carat gold rose by ₹10, with ten grams of the yellow metal selling at ₹1,27,660
As of 6.15 pm Indian Standard Time (IST), gold has been trading at $4490.68/oz. Gold has gained nearly 70 per cent this year, heading for its best annual performance since 1979