Page 31 - Gold Prices

Markets Today: RBI MPC outcome; FIIs; M&M, ITC Q3; Chamunda IPO allotment

The Reserve Bank of India may cut the benchmark repo rate by 25 basis points to 6.25 per cent later in the day

Gold price climbs Rs 10 to Rs 86,250, silver rises Rs 100 to Rs 99,600

The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 79,060

Markets Today: SBI, Hero MotoCorp Q3; Gold; FIIs; RBI MPC; Chamunda IPO

In the previous session, Sensex dropped 312.53 points, or 0.40 per cent, to close at 78,271.28, while Nifty50 ended lower by 42.95 points, or 0.18 per cent, at 23,696.30

Stock Market Close Highlights: Sensex sheds 313pts, Nifty ends at 23,696; Smallcap shares outperform

Stock Market Highlights on February 5, 2025: Broader markets outperformed the benchmarks, with small-cap shares leading the charge, as the Nifty Smallcap100 index ended higher by 1.85 per cent

US-China trade war intensifies, pushing gold prices to all-time highs

Meanwhile, global gold demand rose 1% to a record 4,974.5 metric tons in 2024, driven by higher investment and increased central bank purchases in the 4th quarter, according to the World Gold Council

Titan likely to pay more to source gold from bullion banks as supply falls

Jewellers such as Titan, which owns the Tanishq and CaratLane brands, lease gold from bullion banks, which import the metal, to avoid inventory risks due to fluctuation in prices

Gold strategy on February 5: Support at Rs 82,450; Resistance at Rs 85,000

Gold rally is being driven more by subdued yields and US Dollar Index rather than safe haven demand

Markets Today: Services PMI; MPC; Trump-China news; Swiggy, Titan Q3; IPO

At 6:33 AM, GIFT Nifty futures were up 71 points at 23,856, signaling a higher start for Indian markets

Bank gold loan disbursals up 71.3% to Rs 1.72 trillion in 9MFY25

The gold loan portfolio of banks rose by 71.3 per cent year-on-year (Y-o-Y) till December 2024 to Rs 1.72 trillion

Gold hits record high as investors flock to safe-haven amid tariff war

China imposed tariffs on US imports, swiftly responding to new US duties, escalating the trade war between the world's top two economies even as Trump offered reprieves to Mexico and Canada

Gold steady after record rally, investors cautious over Trump's tariffs

China imposed tariffs on US imports in a swift response to new US duties, escalating the trade war between the world's top two economies even as Trump offered reprieves to Mexico and Canada

Gold dip Rs 10, silver slides Rs 100; precious metal trading at Rs 99,400

The price of 22-carat gold also dipped Rs 10, with ten grams of the yellow metal selling at Rs 77,040

US demand surges as banks move gold from Asia to benefit from premium

But alarm about U.S. import tariffs planned by President Donald Trump has driven Comex futures prices substantially above spot prices in recent months, creating a lucrative arbitrage opportunity

Gold dips Rs 10, silver falls Rs 100; yellow metal trading at Rs 84,480

The price of 22-carat gold also dipped Rs 10, with ten grams of the yellow metal selling at Rs 77,440

Gold prices remain flat at Rs 84,900 per 10 g, silver rallies Rs 700

Gold remained flat at its all-time high price of Rs 84,900 per 10 grams in the national capital on Saturday, according to the All India Sarafa Association. On Friday, the precious metal price of 99.9 per cent purity rose for the third straight session, jumping by Rs 1,100 to hit a new peak of Rs 84,900 per 10 grams driven by robust domestic demand. Gold has rallied by Rs 5,510 or 7 per cent since January 1 when the metal traded at Rs 79,390 per 10 grams in the local market. The yellow metal of 99.5 per purity also traded flat at Rs 84,500 per 10 grams -- also its record high on Saturday. However, silver rallied for the fourth straight session, climbing Rs 700 to Rs 95,700 per kg on persistent offtake by industrial units and coin makers. The white metal had closed at Rs 95,000 per kg on Friday. In the last four sessions, silver has advanced Rs 2,700 or 2.9 per cent to Rs 95,700 per kg from Rs 93,000 per kg on January 29. In futures trade, gold contracts for February delivery fell

Gold rises Rs 10 to Rs 84,340; silver up Rs 100, trades at Rs 99,600 per kg

The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Chennai, and Hyderabad at Rs 84,340

Market Today: Budget 2025; Fiscal Deficit; Trump tariffs; Gold; SMID stocks

Finance Minister Nirmala Sitharaman will present her eighth consecutive budget today. This will also be the second budget under the third term of the Modi administration

Gold prices likely to decline, silver to rise in 2025: Economic Survey

Gold prices are expected to decline in 2025 while silver prices may increase, according to Economic Survey 2024-25 tabled in Parliament on Friday. Citing the World Bank's Commodity Markets Outlook for October 2024, the economic survey highlighted that commodity prices are projected to decrease 5.1 per cent in 2025 and 1.7 per cent in 2026. The projected declines are led by oil prices but tempered by price increases for natural gas and a stable outlook for metals and agricultural raw materials. Among precious metals, gold prices are expected to decrease while silver prices may increase. Prices for metals and minerals are expected to decline, primarily due to a decrease in iron ore and zinc prices, the economic survey said. "In general, the downward trend movement in prices of commodities imported by India is a positive for the domestic inflation outlook," it added. Meanwhile, the survey said "a global rise in uncertainty has led to fluctuations in the composition of foreign exchang

Gold prices hit record high as Trump tariff concerns drive demand

Gold is considered a safe investment during geopolitical turmoil and thrives in a low interest rate environment

Should you buy or sell Gold ahead of Budget 2025? Check rate, outlook

Gold rate today: India's budget to be presented on February 1 will be important for domestic gold prices as import duty on precious metals may be increased.