Page 3 - Gold Demand

Gold falls Rs 10 to Rs 82,240; silver down Rs 100 at Rs 96,400 per kg

The price of 22-carat gold also fell Rs 10, with ten grams of the yellow metal selling at Rs 75,390

Gold near 3-month high on softer dollar, Trump policy uncertainty

Spot gold added 0.4% to $2,755.19 per ounce as of 1200 GMT. The price hit its highest level in 12 weeks earlier in the session and is close to its record peak of $2,790.15 reached in October

Gold rallies Rs 500 to Rs 81,300 per 10 gm, silver soars Rs 2,300

Gold prices rallied Rs 500 to hit over a two-month high of Rs 81,300 per 10 grams in the national capital on Thursday amid fresh buying from jewellers and retailers and rupee depreciation, according to the All India Sarafa Association. The precious metal had closed at Rs 80,800 per 10 grams on Wednesday. The price of gold of 99.5 per cent purity climbed Rs 500 to Rs 80,900 per 10 grams. It settled at Rs 80,400 per 10 grams in the previous trading session. Silver also surged Rs 2,300 to Rs 94,000 per kg from the previous close of Rs 91,700 per kg on Wednesday. Meanwhile, gold contracts for February delivery rose Rs 297, or 0.38 per cent, to Rs 79,007 per 10 grams in the futures trade on the MCX on Thursday. "Gold surged higher trading above Rs 79,000 in MCX, supported by a rupee depreciation," Jateen Trivedi, VP Research Analyst of Commodity and Currency at LKP Securities, said. On Thursday, the rupee depreciated 16 paise to close at 86.56 (provisional) against the US dollar, drag

How to trade Gold as outlook stays bearish? Levels to watch? Check strategy

Gold price today: Gold is expected to range trade ahead of the US CPI report

Gold snaps 5-day winning run, slips marginally to Rs 80,580 per 10 gm

Gold prices slipped Rs 80 to Rs 80,580 per 10 grams, bringing an end to its five-day winning streak in the national capital on Tuesday amid a weak global trend, according to the All India Sarafa Association. On Monday, the precious metal had closed at Rs 80,660 per 10 grams. Silver also fell sharply by Rs 1,300 to Rs 91,700 per kg on Tuesday on slack demand from industrial units and coin makers. The white metal settled at Rs 93,000 per kg in the previous session. The price of gold of 99.5 per cent purity fell Rs 80 to Rs 80,180 per 10 grams from the previous close of Rs 80,260 per 10 grams. Additionally, gold contracts for February delivery fell Rs 16 to Rs 78,150 per 10 grams in the futures trade on the Multi Commodity Exchange (MCX). "Gold traded within a tight range as MCX Gold fluctuated between Rs 78,150-78,400. In contrast, Comex Gold displayed slight weakness, hovering around USD 2,665," Jateen Trivedi, VP Research Analyst -- Commodity and Currency at LKP Securities, ...

Gold surges by Rs 10, silver down Rs 100; yellow metal trading at Rs 79,210

The price of 22-carat gold also rose by Rs 10, with ten grams of the yellow metal selling at Rs 72,610

Buy dips in Gold as low China bond yields, economic uncertainty bode well

Gold rate today: A weaker-than-expected US job data may help the metal test the crucial resistance in $2,690-$2,700, says analyst at Mirae Asset Sharekhan

Gold falls Rs 10, silver climbs Rs 100; yellow metal trading at Rs 78,700

The price of 22-carat gold also declined by Rs 10, with ten grams of the yellow metal selling at Rs 72,140

RBI added 8 tonnes gold to its reserves in November 2024: WGC report

Central banks around the world collectively, in November 2024, added 53 tonnes of gold to their reserves, of which the Reserve Bank of India's addition was 8 tonnes, the World Gold Council (WGC) said in a report on Monday. In 2024, central banks - mostly those from emerging markets - remained keen buyers of gold, driven by the need for a stable and secure asset amid global economic uncertainties. "Assessing the final act of 2024, central banks around the world continued to play a leading role in the demand for gold. November represented another solid month of gold buying as central banks collectively added a net 53 tonnes to global official holdings," WGC said in a report - Central bank gold statistics November 2024. The gold price dip in November, following the US election, may have provided some central banks with added impetus to accumulate, WGC said. WGC further noted that the Reserve Bank of India (RBI) continued with its 2024 buying streak, adding a further 8 tonnes to its go

Gold climbs Rs 10, silver falls Rs 100; yellow metal trading at Rs 78,340

The price of 22-carat gold also rose by Rs 10, with ten grams of the yellow metal selling at Rs 71,810

Gold climbs Rs 10, silver falls Rs 100; yellow metal trading at Rs 78,010

The price of 22-carat gold also rose by Rs 10, with ten grams of the yellow metal selling at Rs 71,510

Gold prices slip below Rs 79,000 per 10 gm on poor offtake by retailers

Gold prices slipped below Rs 79,000 per 10 grams in the national capital on Tuesday due to poor offtake by stockists and retailers, according to the local marketmen. Gold declined during the last trading session of the year as participants were cautious, traders said. The precious metal of 99.9 per cent purity declined Rs 550 to Rs 78,950 per 10 grams. It had closed at Rs 79,350 per 10 grams on Monday. In the past one year, gold prices have surged Rs 15,030 or 23.5 per cent to Rs 78,950 per 10 grams. "In 2024, domestic gold prices surged more than 20 per cent while spot gold rose around 26 per cent," Saumil Gandhi, Senior Analyst of Commodities at HDFC Securities, said. Gandhi highlighted the rally in gold prices is driven by multiple factors like global geopolitical and economic uncertainty, interest-rate cuts by Western central bankers, and strong demand from central banks and high-net-worth individuals. Silver prices crashed by plummeting Rs 2,000 to Rs 89,700 per kg on Tuesda

Gold vs equity vs debt: Where to invest in 2025? Check investment strategy

Market Outlook 2025: For an investor with moderate risk appetite, they say an ideal portfolio for 2025 would mean investing 50% of his/her corpus in large-caps, followed by 35% in gold and 15% in debt

Gold set for weekly gains amid geopolitical uncertainty in West Asia

Spot gold fell 0.3 per cent to $2,625.78 per ounce, as of 1100 GMT. Bullion has gained 0.2 per cent so far this week. US gold futures were down 0.5 per cent to $2,641.30

Gold edges higher in holiday trading, focus remains on Fed outlook

After aggressively cutting rates in September and November this year, the Fed persisted with cuts in December but hinted at fewer reductions in 2025

Gold prices to remain under pressure in near-term; check key levels

Gold price today: Bears eye $2537 (Rs 74,000), the cycle-low made on November 14, for Gold. Resistance is at $2630 (Rs 76,700)

Gold price today: How to trade gold ahead of US Fed rate decision tonight?

Gold price today: Spot gold is likely to consolidate ahead of the US FOMC monetary policy decision due tonight

Gold jewellery consumption to grow 14-18% in FY25 in value terms: ICRA

The domestic gold jewellery consumption in value terms is expected to continue its growth momentum in the current financial year and is likely to witness an on-year rise of 14-18 per cent, a report said on Tuesday. Rating agency Icra in a report said in FY25, gold jewellery consumption growth is pegged at 14-18 per cent in value terms, led by favourable realisations. In 2023-24, gold jewellery consumption growth had witnessed a growth of 18 per cent in 2023-24, primarily driven by realisations even as volume growth was subdued. According to the report, while gold prices were volatile, improving consumer sentiments and festive-led demand aided consumption growth in the recent months. Moreover, a sharp 900 bps cut in import duty in the Union Budget in July 2024, and consequent correction in gold prices for a brief period led to some pre-buying of jewellery as well as bars and coins during the second quarter of FY25, which is generally a seasonally weak quarter, it said. This, couple

Gold falls Rs 10, silver down Rs 100; yellow metal trading at Rs 78,860

The price of 22-carat gold also stumbled Rs 10, with ten grams of the yellow metal selling at Rs 72,290

Gold prices up 30% in 2024; set for best calendar year show in 10 yrs: WGC

Goldman Sachs expects gold prices to reach $3,150 per ounce (bull-case scenario; base case: $3,000/oz) by December 2025, an upside of around 17 per cent from the current levels