Page 4 - Gold Demand

Gold prices rise on expectations of Fed rate cut, inflation data on tap

Investors are eyeing the US Consumer Price Index (CPI) release on Wednesday and the Producer Price Index (PPI) on Thursday

Gold prices edge lower as spotlight shifts to US non-farm payrolls data

Spot gold was down 0.1 per cent at $2,648.69 per ounce, as of 1030 GMT. US gold futures also eased 0.1 per cent to $2,672.40

Gold prices slip below Rs 79,000 per 10 gm on reduced demand, global cues

Gold prices slipped below Rs 79,000 per 10 kg in the national capital on Wednesday due to poor offtake by stockists and retailers amid weak global trends, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity fell by Rs 150 to Rs 78,850 per 10 grams. It had closed at Rs 79,000 per 10 grams in the previous session. Price of gold of 99.5 per cent purity extended the losses for the third straight day, declining by Rs 150 to Rs 78,450 per 10 grams from the previous close of Rs 78,600 per 10 grams. However, silver rose Rs 100 to Rs 92,500 per kg. On Tuesday, the white metal had settled at Rs 92,400 per kg. In futures trade on the Multi Commodity Exchange (MCX), gold contracts for February delivery fell Rs 93 or 0.12 per cent to trade at Rs 76,810 per 10 grams. Silver contracts for March delivery declined Rs 322 or 0.35 per cent to Rs 91,875 per kg on the bourse. Comex gold futures in the Asian market hours edged lower by USD 4.90 per ounce or 0.18 p

Silver prices tumble to 3-week low at Rs 90,900; gold slips to Rs 78,700

Silver prices tumbled to a three-week low by losing Rs 4,900 to Rs 90,900 per kg, while gold slipped Rs 100 to Rs 78,700 per 10 grams in the national capital on Thursday on frantic selling by stockists and retailers, according to the All India Sarafa Association. The yellow metal of 99.5 per cent purity declined Rs 400 to Rs 78,300 per 10 grams on Thursday. Price of gold of 99.9 per cent and 99.5 per cent purity closed higher at Rs 78,800 and Rs 78,700 per 10 grams, respectively, on Wednesday. Silver also dropped Rs 4,900 to trade at Rs 90,900 per kg, marking a steepest fall on poor offtake by jewellers and coin makers. Earlier, the white metal had slumped Rs 4,600 on November 4. On Wednesday, silver saw its steepest single-day jump of Rs 5,200 and regained the Rs 95,000 per kg level after a gap of two-weeks in the national capital. Traders said the sentiment was downbeat largely in sync with a firm trend overseas amid uncertainty over the implications of US President-elect Donald

Gold prices ease from one-week high as US dollar rebounds after 1-week low

Spot gold was down 0.2 per cent at $2,627.60 per ounce as of 1238 GMT, after hitting its highest level since Nov. 11 earlier in the session. US gold futures were steady at $2,631.30

Gold slide continues; price declines Rs 700 to Rs 77,050 per 10 grams

Gold prices saw yet another steep fall on Thursday, with the precious metal declining Rs 700 to Rs 77,050 per 10 grams in the national capital amid subdued demand trend in the global markets, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity closed at Rs 77,750 per 10 grams in the previous session, a day after falling marginally by Rs 50 on Wednesday. Silver also plummeted Rs 2,310 to Rs 90,190 per kg against the previous close of Rs 92,500 per kg. Extending the losses for the fourth straight session, the price of gold of 99.5 per cent purity fell Rs 700 to Rs 76,650 per 10 grams. It had ended at Rs 77,350 per 10 grams on Wednesday. In futures trade on the MCX, gold contracts for December delivery plunged Rs 804 or 1.08 per cent to trade at Rs 73,678 per 10 grams. During the day, the precious metal declined Rs 1,182 or 1.59 per cent to Rs 73,300 per 10 grams. "Gold's weakness persisted with price falling near Rs 73,500 in MCX as the dollar .

Gold rate today: Analyst advises 'Sell on rally' for Gold post Fed rate cut

Gold price: The yellow metal faces risk from fickle bond yields as deficit concerns loom large. Near-term upside is limited, says Praveen Singh of Sharekhan

Gold prices may rise if Trump wins US election; check trading strategy here

Gold rate today: Donald Trump coming to power is likely to heighten the Sino-US trade tensions, which would be positive for gold

Gold dips Rs 10 to Rs 80,550; silver down Rs 100, trading at Rs 96,900

The price of 22-carat gold also witnessed a drop of Rs 10, with ten grams of the yellow metal selling at Rs 73,840

Gold up Rs 10 at Rs 81,340; silver falls Rs 100; trading at Rs 99,900

The price of 22-carat gold also witnessed a rise of Rs 10, with ten grams of the yellow metal selling at Rs 72,960

Gold demand strong as import duty cut boosts Dhanteras buying: MMTC-PAMP

The gold demand in the country has strengthened during the key festival of Dhanteras, buoyed by a recent reduction in import duties and traditional buying patterns, a senior MMTC-PAMP official said on Tuesday. "The market sentiment for gold remains robust this Dhanteras season, with sustained demand for our pure gold products," MMTC-PAMP Managing Director and CEO Vikas Singh told PTI. The reduction in import duty from 15 per cent to 6 per cent has amplified festival season purchases, with consumers showing a strong preference for high-purity gold products, he said. "Customer preference for quality and purity continues to be a key driver in purchase decisions, particularly for our 24K gold products with 99.99 per cent + purity," Singh added. The positive momentum is expected to continue into the upcoming wedding season, which traditionally accounts for approximately half of India's annual gold consumption, Singh said. He noted that beyond seasonal factors, gold demand benefits from

Swiss gold exports to India fall to lowest level since Jun on lower supply

This year's 30 per cent gold price rally, which took spot prices to a record high of $2,696.59 per troy ounce on Thursday, has been affecting physical demand in price-sensitive Asian markets

Gold up Rs 10 at Rs 77,900; silver rises Rs 100, trading at 97,100/kg

The price of 22-carat gold also witnessed a rise of Rs 10, with ten grams of the yellow metal selling at Rs 71,410

Gold down Rs 10 at Rs 77,440; silver dips Rs 100, trading at 95,900/kg

The price of 22-carat gold also witnessed a decline of Rs 10, with ten grams of the yellow metal selling at Rs 70,990

Yellow metal strategy: UBS raises Gold target to $2,750 by end of 2024

UBS analysts have raised gold's target to $2,750 per oz by end-2024 (from $2,600 per oz), $2,850 per oz by mid-2025 (from $2,700 per oz), and $2,900 per oz by end-3Q25 (from $2,750 per oz)

Gold prices climb Rs 10 to Rs 74,880, silver jumps Rs 100 to Rs 91,900

The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 68,640

Gold prices climb Rs 10 to Rs 75,060, silver jumps Rs 100 to Rs 93,100

The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 68,810

Gold rises Rs 10 to Rs 73,260, silver price dips Rs 100 to Rs 88,400

The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 67,160

Gold price dips Rs 10 to Rs 72,760, silver falls Rs 100 to Rs 85,900

The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 66,690

Gold price jumps Rs 500 to Rs 72,850 per 10g, silver remains flat

In the previous session, the precious metal of 99.9 per cent purity had settled at Rs 72,350 per 10 grams on Monday