The metal may test $3372-$3400 resistance zone. Upside is likely to be capped at $3400 in the short-term
The price of 22-carat gold rose ₹10, with ten grams of the yellow metal selling at ₹89,460
The price of 22-carat gold rose ₹10, with ten grams of the yellow metal selling at ₹89,210
Gold, traditionally seen as a hedge against geopolitical and economic uncertainties, has risen more than 15 per cent this year and reached an all-time peak of $3,057.21 on March 20
Gold, traditionally seen as a hedge against geopolitical and economic uncertainties and often thriving in a low interest rate environment, has surged 15 per cent this year
As per disclosure made by Senco Gold to stock exchange, reveals that the promoters have bought 241,400 equity shares representing 0.15 per cent holding in the company via open market.
Gold Rate Today: FOMC rate decision, due tonight, will be crucial for commodities. The Fed is expected to keep the overnight Fed Fund rates unchanged at 4.25 per cent-4.50 per cent with a hawkish tilt
Indian dealers this week offered a discount of up to $39 an ounce over official domestic prices, including 6 per cent import and 3 per cent sales levies, up from a discount of $10 to $21 last week
US President Donald Trump's fluctuating trade policies - imposing and delaying tariffs on Canada and Mexico, while raising duties on Chinese goods - have roiled the global financial markets
Market focus remains on trade tensions. In his latest warning to Canada, US President Donald Trump said on Friday that reciprocal tariffs on dairy and lumber could be imminent
Gold Rate Today: Dip buying in Gold is the preferred trade as the yellow metal is expected to reach $3,000 in the coming weeks.
Gold rate today: Buy Gold on dips. Gold support is at $2900 (MCX April gold contract Rs 85,600)/ $2868 (Rs 84,700)
India's gold imports are set to tumble 85 per cent in February from year ago levels to their lowest in 20 years
Spot gold fell 1.2 per cent to $2,880.79 an ounce by 0910 GMT, its lowest since February 17. Prices hit a record peak of $2,956.15 on Monday, driven by safe-haven flows
Investors' focus was also on the US Personal Consumption Expenditures (PCE) report, the Federal Reserve's preferred inflation gauge, due on Friday
The precious metal's rally is expected to persist as safe-haven demand remains strong, with central banks worldwide continuing to accumulate gold to hedge against economic volatility
The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 80,710
Gold's rally appears to be driven by President Trump's remarks on upcoming tariffs for autos and pharmaceuticals
With uncertainty surrounding the global economy and the broader geopolitical landscape in the Trump 2.0 era, gold is set to remain a natural beneficiary of risk-off flows and central bank buying
The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 79,810