Page 4 - Gold Prices

Is the gold price rally trying to warn against a rise in inflation?

Christopher Wood, global head of equity strategy at Jefferies expects gold prices to hit $6,600/oz going ahead, up 57 per cent from the current levels.

Gold price slip ₹10 to ₹1,25,500; silver rises ₹100, trading at ₹1,62,100

The price of 22-carat gold also fell by ₹10, with ten grams of the yellow metal selling at ₹1,15,040

Sebi warning triggers surge in withdrawals from digital gold fintechs

Following Sebi's warning that digital gold lies outside its regulatory scope, fintechs are facing scrutiny over vault practices, investor safety, and KYC compliance

Gold price climbs ₹10 to ₹1,25,850; silver rises ₹100, trades at ₹1,60,100

The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹1,15,360

Gold price climbs ₹10 to ₹1,23,830; silver rises ₹100, trading at ₹1,57,100

The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹1,13,510

Gold rallies ₹1,300 to ₹1,25,900 per 10 grams; silver bounce ₹2,460

Gold prices rallied by Rs 1,300 to Rs 1,25,900 per 10 grams in the national capital on Monday amid strong global cues and a weak dollar, according to the All India Sarafa Association. The precious metal of 99.5 per cent purity climbed by Rs 1,300 to Rs 1,25,300 per 10 grams (inclusive of all taxes) against Rs 1,24,000 per 10 grams on Friday. In the local bullion market, gold of 99.9 per cent purity had settled at Rs 1,24,600 per 10 grams in the previous market session. "Gold resumed trading on a positive note, supported by ongoing safe-haven demand and weaker US macroeconomic data that heightened expectations for a rate cut by the Federal Reserve in next month's meeting," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said. He noted that a softer dollar has provided further support for bullion. In addition, silver prices bounced by Rs 2,460 to Rs 1,55,760 per kilogram (inclusive of all taxes) on Monday. The white metal had finished at Rs 1,53,300 per kg on Friday,

Time to start buying gold for the long term, suggest analysts

From a technical perspective, the first key technical support for gold, according to WGC, is seen around its medium-term 55-day average and initial Fibonacci retracement of the rise from the 2022 low

Gold prices slip ₹10, silver down ₹100; yellow metal trading at ₹1,22,010

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,11,840

Gold to remain in corrective phase ahead of crucial US, China macro data

Gold prices are expected to remain in a corrective phase in the coming week ahead of the crucial US inflation data, continuing uncertainties over trade tariffs and key economic numbers from China, analysts said. Traders will also closely watch comments from US Federal Reserve officials for clarity on the monetary policy outlook, which is likely to steer the near-term direction for bullion prices, they added. "Gold prices are expected to see some consolidation or more correction as focus will be on the inflation numbers, US Supreme Court hearing on tariffs, speeches from Fed officials, and Chinese data," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. He said that although gold prices ended the week slightly lower, the metal is largely stuck in a range, capped on the upside by a stronger dollar and sluggish physical demand as retail buyers stayed away on the sidelines in anticipation of further price correction. However, Mer noted ..

Gold prices slip ₹10 to ₹1,22,010; silver down ₹100, trading at ₹1,52,400

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,11,840

Gold price climbs ₹10 to ₹1,22,580; silver rises ₹100, trading at ₹1,52,600

The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,12,360

Gold prices slip ₹10 to ₹1,21,470; silver down ₹100, trading at ₹1,50,400

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,11,340

Gold rises over 1% on safe-haven demand despite strong US payrolls

Spot gold was up 1.2% at $3,977.94 per ounce by 10:57 am ET (1557 GMT). US gold futures for December delivery rose 0.7% to $3,989.80 per ounce

Gold prices slip ₹10 to ₹1,22,450; silver down ₹100, trading at ₹1,50,900

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,12,240

Gold price climbs ₹10 to ₹1,23,180; silver rises ₹100, trading at ₹1,54,100

The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,12,910

Gold prices slip ₹10 to ₹1,22,990; silver down ₹100, trading at ₹1,51,900

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,12,740

Gold falls for second week as strong dollar, Fed stance hit sentiment

Gold prices extended their decline for the second consecutive week as improved global risk appetite, a strong dollar, and the US Federal Reserve's cautious tone of further rate cuts have dampened the demand for safe-haven asset. On the Multi Commodity Exchange (MCX), gold futures for December delivery plunged Rs 2,219, or 1.8 per cent, over the past week. During the past week, the yellow metal hit an intra-day low of Rs 1,17,628 per 10 grams on October 28. GOLD's CORRECTION DEEPENS AS DOLLAR STRENGTHENS, TENSIONS EASE Both global and domestic markets saw a sharp correction early in the week, breaking a nine-week rally amid easing geopolitical tensions, stronger US dollar, and profit-booking by investors have pushed gold prices lower. "Heavy profit-booking pushed global gold down from recent highs to test the USD 4,000 an ounce level. Domestic gold mirrored this, falling below Rs 1,19,000 per 10 grams before stabilising and recovering modestly in the latter half of the week," Sneha

Gold price climbs ₹10 to ₹1,23,290; silver down ₹100, trading at ₹1,50,900

The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,13,010

Stock Market close highlights: Sensex sheds 467 points, Nifty at 25,722; SMIDs dip; PSBs outperform

Sensex Today | Stock Market close: Barring Nifty PSU Bank and Nifty Oil & Gas, all other sectoral indices on the NSE settled lower

Trading Strategy: Here's how to trade Gold today; key levels to watch

Central banks continuing to buy gold at a brisk pace despite elevated gold prices underscores the importance of holding metal in the present, uncertain political, economic, and geopolitical times