Gold and silver are expected to remain volatile with a corrective bias in the coming week as investors assess the latest flare-up in the US-Iran conflict, movements in crude oil prices and inflation data that could reshape expectations for global interest rates, analysts said. Fresh hostilities in West Asia have once again put markets on edge. The latest round of tensions began after Iran said it had struck a vessel travelling on an unapproved route and subsequently announced the closure of the Strait of Hormuz. The US Central Command later said it carried out strikes on Tehran, following which Iran retaliated by targeting American-linked installations in the United Arab Emirates, Kuwait, and Bahrain. Analysts said any further escalation in the conflict could drive crude oil prices higher, revive inflation concerns and strengthen safe-haven assets such as the US dollar and Treasury yields, limiting the upside for precious metals. "For gold and silver, momentum remains down and ...
Gold prices slipped Rs 150 to Rs 1,50,650 per 10 grams in the national capital on Monday, and silver dropped Rs 5,000, as a sluggish global trend and a firm US dollar prompted traders to trim positions in precious metals. The precious metal of 99.9 per cent purity had closed at Rs 1,50,800 per 10 grams in the preceding session. Silver snapped its four-day rally, declining Rs 5,000 to Rs 2,40,000 per kilogram (inclusive of all taxes) from Friday's closing level of Rs 2,45,000 per kg, according to local dealers. Traders said the market remained range-bound as investors balanced lingering geopolitical risks in West Asia against a stronger greenback and expectations surrounding the US Federal Reserve's monetary policy. "Gold prices experienced a slight decline in the domestic markets on Monday, as investors navigated the complex landscape of Washington-Tehran relations while awaiting key inflation data from the US," said Gaurav Garg, Research Analyst at Lemonn Markets Desk. In the ...
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,29,540
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,32,540
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,34,310
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,33,890
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,33,690
At the time of writing, the MCX gold contract was trading ₹2,031 lower at ₹1,47,278
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,37,040
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,38,490
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,38,740
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,38,910
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,36,640
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,36,210
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,33,490
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,36,440
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,40,410
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,39,040
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,39,990
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,42,740