New investors should enter gradually, invest with a 5-10 year horizon, and cap exposure at 5-7 per cent of the portfolio
Silver prices extended their record-breaking run on Wednesday, soaring more than 7 per cent, to hit a lifetime high of Rs 3.83 lakh per kg in the futures trade, while gold jumped to a new peak of Rs 1.62 lakh per 10 grams, buoyed by a sharp fall in US dollar and strong safe-haven demand. Rallying for the fourth consecutive day, silver futures for March delivery climbed Rs 26,821, or 7.53 per cent, to hit another record of Rs 3,83,100 per kilogram on the Multi Commodity Exchange (MCX). In the last three sessions, the white metal has surged Rs 55,811, or 17.05 per cent, from Rs 3,27,289 per kilogram (closing price) recorded on January 22. Gold futures for February contract also witnessed robust buying by the investors, rising Rs 4,730, or 3 per cent, to touch a fresh peak of Rs 1,62,429 per 10 grams on the MCX. Analysts said bullion prices extended their upward march amid a weakening US dollar, renewed geopolitical tensions and firm investor appetite for the safe-haven assets. In th
The price of 22-carat gold fell by ₹10, with ten grams of the yellow metal selling at ₹1,48,440
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,48,460
Spot gold rose 1.98% to $5,081.18 per ounce by 0323 GMT, after touching $5,092.71 earlier. U.S. gold futures for February delivery gained 2.01% to $5,079.30 per ounce
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,44,060
Despite the dip seen on Thursday, analysts suggest gold continues to be a reliable long-term portfolio anchor, rather than a short-term trade.
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,43,560
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,37,310
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,34,060
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,31,790
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,31,440
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,30,310
The price of 22-carat gold declined by ₹10, with ten grams of the yellow metal selling at ₹1,28,740
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 declined by ₹10, with ten grams of the yellow metal selling at ₹1,26,490
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,26,740
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,27,260
The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹1,26,710
The price of 22-carat gold declined by ₹10, with ten grams of the yellow metal selling at ₹1,24,490