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
Analysts believe buying Gold ETFs on dips and physical gold in small quantities will be ideal for investors this festive season, as gold is expected to stay firm in the short-term
The price of 22-carat gold declined by ₹10, with ten grams of the yellow metal selling at ₹1,05,840
The price of 22-carat gold declined by ₹10, with ten grams of the yellow metal selling at ₹1,05,310
Rising gold prices and steady equities push ratio to highest since 2014
Tanishq is promoting jewellery exchange as the best way to buy gold amid soaring prices, with Sachin Tendulkar as brand partner, and expects strong festive and wedding demand
Gold may correct lower on a firmer Dollar as Fed largely remains cautious on rate cuts going forward. However, downside is expected to be limited
The price of 22-carat gold declined by ₹10, with ten grams of the yellow metal selling at ₹1,04,890
Looking ahead to 2025, with demand forecast at 1,148.3Moz against supply of 1,030.6Moz, the silver market, Nomura said, faces its fifth consecutive year of deficit at 117.6Moz
Sensex today | Stock market close highlights: In the broader markets, the Nifty MidCap index slipped 0.64 per cent, and the Nifty SmallCap 0.57 per cent
Sensex Today | Stock Market close highlights, Sept 24: The Nifty Realty index ended as the top sectoral laggard, dropping 2.5%, followed by the Nifty Auto (1.15%), and the Nifty Private Bank (0.8%)
Gold hits fresh global and domestic records on Asia-led demand, weak rupee, and China's bullion push; markets eye Fed rate cuts as prices rally over 15% this month
With gold climbing past ₹1 lakh, jewellers balance budgets and tradition through discounts and exchanges
At the peak of the last secular bull market in gold in January 1980, Wood said, gold price was then equivalent to 9.9 per cent of US disposable income per capita which stood at $8,551
Gold prices surged Rs 2,700 to scale a new peak of Rs 1,18,900 per 10 grams in the national capital amid sustained global demand for the safe-haven asset while rupee touching a new low facing the brunt of US H-1B visa fee hike. According to the All India Sarafa Association, the yellow metal of 99.9 per cent purity had closed at Rs 1,16,200 per 10 grams in the previous market session. In the local bullion market, gold of 99.5 per cent purity rallied Rs 2,650 to hit a record high of Rs 1,18,300 per 10 grams (inclusive of all taxes). It had settled at Rs 1,15,650 per 10 grams on Monday. Traders said the rupee's steep fall against the US dollar added to the rally of the precious metal. Silver prices also skyrocketed by Rs 3,220 to hit an all-time high of Rs 1,39,600 per kilogram (inclusive of all taxes) on Tuesday. The white metal had ended at Rs 1,36,380 per kg in the previous session. On Tuesday, the rupee depreciated 47 paise to hit an all-time low of 88.75 (provisional) against th