Page 2 - Gold Prices

Gold rises ₹202 on MCX, silver gains ₹797 on reports of US-Iran talks

In the global market, gold was trading near $4,115 per ounce on Comex, while silver was around $58.30 per ounce

Short-term traders can look to buy gold for upside till $4200: Mirae Asset

Dovish FOMC outcome is supportive of higher gold prices in very short term, though oil prices can cut the rally short.

Gold can hit $5500 by year-end; invest in a staggered manner: MOFSL

Even if silver performs, we believe the weightage for gold could be higher in one's portfolio, said Manav Modi of MOFSL.

After Fed rate pause, experts recommend buying gold, silver on dips

Experts advise investors to avoid aggressive buying and accumulate gold and silver gradually on dips as Fed policy uncertainty keeps precious metal prices volatile

Gold rises ₹176 on MCX amid short covering; silver drops ₹1,479

Gold futures edge higher on short covering even as a firmer dollar and elevated US Treasury yields cap gains, while silver trades lower

Thangamayil Jewellery hits 10% lower band for 2nd day. What's ailing stock?

The company said that despite benign gold prices in the June quarter, volume in gold segments of business was relatively lower, hit by a steep increase in import duty.

Gold falls ₹243 ahead of Federal Reserve meeting; silver rises ₹815

Both metals had registered a sharp fall in the domestic and global markets on Tuesday

Gold climbs ₹757 on MCX, silver surges ₹2,266 as crude oil prices ease

Gold and silver futures traded higher after crude oil slipped below $100 a barrel, while renewed geopolitical tensions and safe-haven buying supported precious metals

Higher oil prices may outweigh safe-haven demand for gold: Mirae Asset

Praveen Singh, Head of Commodities at Mirae Asset Sharekhan, said elevated expectations of a Fed rate hike are bearish for the metal, but the downside is expected to remain limited

Gold nears two-week high as Fed outlook, West Asia conflict stay in focus

Spot gold rose 0.9 per cent to $4,113.73 per ounce, as of 0123 GMT, having climbed to its highest since July 10

Gold, silver futures rise on short covering, signs of US-Iran talks

In the global market, both metals rose after a weak start, while their futures prices opened higher in the domestic market

Gold rebounds Rs 1,400 to near Rs 1.47 lakh/10g; silver declines Rs 1,000

The yellow metal of 99.9 per cent purity climbed Rs 1,400 to Rs 1,46,900 per 10 grams (inclusive of all taxes) from Friday's closing level of Rs 1,45,500 per 10 grams

Gold opens ₹733 higher on MCX; silver gains ₹2,796 amid global tensions

Gold and silver futures traded higher in domestic and global markets as escalating geopolitical tensions boosted demand for safe-haven assets

Gold under pressure on rate hike worries as US-Iran conflict escalates

The US Fed chief Warsh's hawkish stance and rate hike worries due to Middle East tensions would keep Gold prices under pressure.

Gold, silver futures fall on MCX and Comex amid global uncertainty

Gold and silver futures opened lower on both MCX and Comex, with prices remaining under pressure during Wednesday's trading session despite ongoing global uncertainties

Gold may hit $5k on easing geopolitical risks: Kaynat Chainwala, Kotak Sec

Gold's near-term direction depends on whether June CPI marks the start of a durable disinflation trend or a temporary pullback driven by energy base effects.

Gold ETFs fall up to 5% in a month; experts see up to 20% upside

Despite the recent decline in Gold ETFs, experts are advising investors to gradually increase their exposure. Gold ETFs can deliver healthy returns over the long term

Gold can fall up to 16% to $3400/oz, say analysts; should you buy the dip?

Already in the bear territory after receding 27% from its record high level, analysts foresee further decline in gold prices of up to 16% to $3400-3500 levels.

Gold, silver may stay volatile amid US-Iran tensions, inflation data

Gold and silver are expected to remain volatile with a corrective bias in the coming week as investors assess the latest flare-up in the US-Iran conflict, movements in crude oil prices and inflation data that could reshape expectations for global interest rates, analysts said. Fresh hostilities in West Asia have once again put markets on edge. The latest round of tensions began after Iran said it had struck a vessel travelling on an unapproved route and subsequently announced the closure of the Strait of Hormuz. The US Central Command later said it carried out strikes on Tehran, following which Iran retaliated by targeting American-linked installations in the United Arab Emirates, Kuwait, and Bahrain. Analysts said any further escalation in the conflict could drive crude oil prices higher, revive inflation concerns and strengthen safe-haven assets such as the US dollar and Treasury yields, limiting the upside for precious metals. "For gold and silver, momentum remains down and ...

Gold recovers as oil retreats; key hurdle stands at $4,200

Gold prices are expected to remain volatile and choppy amid uncertainty over situation in the Middle East, may trade in the range of $4,000-$4,200 for now.