The price of 22-carat gold fell by ₹10, with ten grams of the yellow metal selling at ₹1,17,090
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,17,260
Spot gold was up 1% at $4,172.18 per ounce at 1208 GMT, its highest since November 14. U.S. gold futures for December delivery were up 0.7% at $4,168.70 per ounce
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,16,460
Among Sensex stocks, Tata Motors Passenger Vehicles, Trent, Infosys, Power Grid, HDFC Bank, HCLTech, Kotak Mahindra Bank, ICICI Bank, and Bajaj Finance were the major laggards
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,14,690
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,15,340
Gold will react mainly to the shifting odds of a December rate cut, which means that the September NFP report may further weigh on the yellow metal, analyst said
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,13,890
The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹1,14,460
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,13,340
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,14,960
The country's gold imports surged about threefold to hit a record high of USD 14.72 billion in October, mainly due to higher festival and wedding demand, according to commerce ministry data. Gold imports stood at USD 4.92 billion in October 2024. Cumulatively, imports during April-October this fiscal year rose 21.44 per cent to USD 41.23 billion from USD 34 billion a year ago. High gold imports have pushed the country's trade deficit (difference between imports and exports) to a record high of USD 41.68 billion in October. Prices of the yellow metal are hovering around Rs 1.29 lakh per 10 grams in the national capital. Commenting on the data, Commerce Secretary Rajesh Agrawal said the increase in imports could be attributed to festival demand. Switzerland is the largest source of gold imports, with about 40 per cent share, followed by the UAE (over 16 per cent) and South Africa (about 10 per cent). The precious metal accounts for over 5 per cent of the country's total imports.
India's exports contracted 11.8 per cent to USD 34.38 billion in October, showed government data released on Monday. Imports jumped 16.63 per cent to USD 76.06 billion. The country's trade deficit stood at USD 41.68 billion during the reporting month. Imports surged due to increased shipments of gold and silver. Gold imports jumped to USD 14.72 bn in the last month against USD 4.92 bn recorded in the same month last year. The country's exports to the United States declined to USD 6.3 bn in October as against USD 6.9 bn registered in the year-ago month, Commerce Secretary Rajesh Agrawal told reporters here. During April-October this fiscal, exports increased marginally by 0.63 per cent to USD 254.25 billion. At the same time, imports rose 6.37 per cent to USD 451.08 billion, the commerce ministry data showed.
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,14,640
Gold prices are likely to remain volatile in the coming week but may find support as focus shifts to key US economic data releases, including jobs report and the Federal Reserve's meeting minutes for fresh signals on the interest rate decision, analysts said. Investors will also closely watch Federal Reserve Chair Jerome Powell's speech on Wednesday. Along with comments from other Fed officials throughout the week which will drive the gold prices, they added. "The volatility is expected to remain high, but prices may find some support... Focus will be on the US economic data releases, which may give some clues on the health of the American economy & possible some direction on the Fed's rate outlook," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. On a weekly basis, gold futures for December delivery climbed by Rs 2,494, or 2.06 per cent in the past week, on the Multi Commodity Exchange (MCX). "The precious metal rallied ...
The price of 22-carat gold also fell by ₹10, with ten grams of the yellow metal selling at ₹1,16,440
Muthoot Finance posted robust Q2FY26 earnings driven by higher gold prices and strong AUM growth, but analysts flag risks from yield pressure, NIM compression and regulatory uncertainty
Downside is expected to be limited on concerns about the US job market and expectations of Fed rate cut in December
The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹1,17,910