India's gold imports in February are likely to fall to around 15 metric tonnes, the lowest for the month in at least two decades, from 103 tonnes in February, 2024
The precious metal's rally is expected to persist as safe-haven demand remains strong, with central banks worldwide continuing to accumulate gold to hedge against economic volatility
The price of 22-carat gold declined Rs 10, with ten grams of the yellow metal selling at Rs 80,440
At 7:06 AM, GIFT Nifty Futures were trading 139 points lower at 22,684, hinting at a gap-down start for the bourses
The global economy is weak and supply-chain issues that started with the pandemic have been exacerbated by the Ukraine war and turmoil in West Asia. As a result, there's been inflation
The price of 22-carat gold declined Rs 10, with ten grams of the yellow metal selling at Rs 80,240
The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 80,710
The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 80,360
Gold price jumped by Rs 900 to revisit the all-time high of Rs 89,400 per 10 grams in the national capital on Wednesday amid strong global trends, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 88,500 per 10 grams in the previous trading session. On February 14, it rallied by Rs 1,300 to hit a lifetime high of Rs 89,400 per 10 grams in the local markets. So far this year, price of gold has surged Rs 10,010 or 12.6 per cent to Rs 89,400 per 10 grams as compared to Rs 79,390 grams on January 1. Additionally, the yellow metal of 99.5 per cent purity rallied by Rs 900 to reclaim its all-time high level of Rs 89,000 per 10 grams. It had closed at Rs 88,100 per 10 grams in the previous session. According to experts, gold extended its gain on Wednesday, buoyed by safe haven demand and persistent buying amid President Trump's new tariff threats, combined with rising geopolitical uncertainty. Silver price also increased by Rs 600
Disappointing data out of the US viz retail sales, nonfarm payroll (considering the downward revision done by BLS) and NAHB housing Index are positive for the yellow metal
The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 79,710
With uncertainty surrounding the global economy and the broader geopolitical landscape in the Trump 2.0 era, gold is set to remain a natural beneficiary of risk-off flows and central bank buying
In the international markets, Comex gold futures for April delivery climbed USD 24.94 per ounce, or 0.86 per cent, to USD 2,925.64 per ounce in the global market
The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 79,410
Senco Gold share has declined 61 per cent from its 52-week high level of Rs 772, which it hit on October 7, 2024
The price of 22-carat gold also dipped Rs 10, with ten grams of the yellow metal selling at Rs 78,890
Gold is expected to trade with a positive bias as buyers have $3,000 (MCX April gold Rs 88,000) level in focus
The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 79,810
The price of 22-carat gold dipped Rs 10, with ten grams of the yellow metal selling at Rs 79,390
Gold's appeal as a haven from risk strengthened further as newly elected U.S. President Donald Trump turned to tariffs to aid struggling domestic industry, despite the risk of sparking a trade war