The price of 22-carat gold rose by ₹10, with ten grams of the yellow metal selling at ₹1,13,810
Silver, spurred by momentum in the gold market, strong investment demand and an ongoing supply deficit, breached the psychological barrier of $50 per ounce for the first time
The price of 22-carat gold rose by ₹10, with ten grams of the yellow metal selling at ₹1,13,610
AUM of gold and silver ETFs surges 30% in September as record inflows, global uncertainties and central-bank buying drive investor demand for precious metals
Silver climbed to a record high on Wednesday, latching on to gold's record streak as investors flocked to the metal
ICRA says organised gold loan market to grow faster amid record gold prices, rising NBFC participation, and slowing demand for unsecured loans
The price of 22-carat gold rose by ₹10, with ten grams of the yellow metal selling at ₹1,11,860
The jewellery business, which contributes close to 90% of overall revenue, grew 19% year-on-year, the Bengaluru-based company said in its business update for the quarter ended September 30
According to the goldprice website, the current gold price, at the time of publishing this report, was recorded at $3965.63
Gold prices skyrocketed by Rs 9,700 to scale a fresh peak of Rs 1,30,300 per 10 grams in the national capital on Monday, lifted by safe-haven buying in the overseas markets and depreciation in the rupee. According to the All India Sarafa Association, the yellow metal of 99.9 per cent purity had closed at Rs 1,20,600 per 10 grams on Friday. In the local bullion market, gold of 99.5 per cent purity jumped by Rs 2,700 to hit a record high of Rs 1,22,700 per 10 grams (inclusive of all taxes) on Monday. It had settled at Rs 1,20,000 per 10 grams in the previous market session. Silver prices also witnessed robust gains. The white metal bounced by Rs 7,400 to hit a new peak of Rs 1,57,400 per kilogram (inclusive of all taxes). It had ended at Rs 1,50,000 per kg on Friday. In the international markets, spot gold rose nearly 2 per cent to touch an all-time high of USD 3,949.58 per ounce, while silver went up over 1 per cent to hit a high of USD 48.75 per ounce.
A declining dollar, fresh geopolitical and tariff uncertainty, and questions of the Fed's independence have led gold and Bitcoin to outperform
The price of 22-carat gold declined by ₹10, with ten grams of the yellow metal selling at ₹1,09,440
Gold prices are likely to remain volatile in the coming week, as investors track developments around the US government funding bill, labour market data and Federal Reserve commentary, analysts said. The release of the Federal Open Market Committee meeting minutes on Thursday is also likely to influence bullion market sentiment, they added. "The week ahead is relatively light on data, but volatility is expected to remain high with frequency to profit-booking likely to increase, followed by renewed buying as well. In the week ahead the focus will remain on voting for the US government funding bill, while on the data front it will be the labour market data, if released. "Federal Reserve official commentary will be closely watched with Fed Chair Jerome Powell's speech on Thursday," said Pranav Mer, Vice President, EBG - Commodity & Currency Research at JM Financial Services Ltd. Mer said gold prices added another 3.5-4 per cent to its recent gains last week, buoyed by a weaker US ...
The price of 22-carat gold also decreased by ₹10, with ten grams of the yellow metal selling at ₹1,08,640
In CY25, spot gold prices in dollar terms rallied 47.3 per cent, while spot silver has surged 62 per cent, outperforming major asset classes
RBI Governor Sanjay Malhotra on Friday said perhaps gold price is acting as a new barometer reflecting global uncertainties as the crude oil used to be in the recent past. While mentioning that fiscally almost every country today is "quite stressed", Malhotra also said current trade policy environment could damage growth in some of the economies and cautioned that globally, stock markets might see a correction. The Reserve Bank of India (RBI), while leaving the key interest rate unchanged at 5.5 per cent with a neutral monetary policy stance on Wednesday, said the global economy has been more resilient than anticipated but outlook remains clouded. "Despite geopolitical tensions that would have sent oil prices soaring in an earlier decade, they (oil prices) have been very range bound. This could be due to a decline in oil intensity in GDP, not just in India, but across the world. "Perhaps gold prices now are showing the kind of movement that oil used to that is acting as a barometer
Central banks, WGC said, added a net 15 tonnes to global gold reserves in August, based on reported data from both the IMF and respective central banks.
The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹1,08,790
The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹1,09,310
The world is heading into a period of serious problems, and gold and silver are among the few ways to protect oneself. That's been true for hundreds of years and will remain true now, Jim Rogers said